USGS Releases Global Estimate for Undiscovered, Technically Recoverable Conventional Oil and Gas Resources

submitted by Robert G. Ross

maritime-executive.com - USGS - U.S. Dept. of the Interior - April 23, 2012

WASHINGTON—Excluding the United States, the world holds an estimated 565 billion barrels (bbo) of undiscovered, technically recoverable conventional oil; 5,606 trillion cubic feet (tcf) of undiscovered, technically recoverable conventional natural gas; and 167 billion barrels of undiscovered, technically recoverable natural gas liquids (NGL), according to a new assessment by the U.S. Geological Survey (USGS) released today.

The report includes mean estimates of undiscovered but technically recoverable conventional oil and gas resources in 171 geologic provinces of the world.

(READ COMPLETE ARTICLE IN THE LINKS BELOW)

An Estimate of Undiscovered Conventional Oil and Gas Resources of the World, 2012

http://pubs.usgs.gov/fs/2012/3042/

http://www.maritime-executive.com/article/usgs-releases-global-estimate-for-undiscovered-technically-recoverable-conventional-oil-and-gas-resources

http://www.usgs.gov/blogs/features/usgs_top_story/worlds-oil-and-gas-endowment/

http://www.doi.gov/news/pressreleases/USGS-Releases-Global-Estimate-for-Undiscovered-Technically-Recoverable-Conventional-Oil-and-Gas-Resources.cfm