Global heavy oil resources

Heavy Oil is an up and coming energy resource that is aggressively being sought Whether or not conventional oil has a "peak," the world's heavy oil reserves  combined world reserves of conventional oil and gas. Of par- ticular interest are the large heavy oil deposits of Canada and. Venezuela, which together may 

A map of world oil reserves, 2013. Oil reserves denote the amount of crude oil that can be technically recovered at a cost that is financially feasible at the present  Heavy Oil 100. Tar Sands 54. Oil Shale 6,000. Oil consumed 219. Oil reserves 35.2. Oil remaining in place 307. Oil resources 216 (undiscovered and other  Russia is a country filled with natural resources for energy use, most notably the country's massive oil reserves under the vast Siberian plains. Russian oil output fell considerably after the collapse of the former Soviet Union, but the country has revamped production in the past few years. The world heavy oil (<21"API) (>0.928 kg/m3) resource is comprised of about 210 billion barrels (33.8 Gm3) of unproved reserves and 299 billion barrels (47.5 Gm3) of original reserves. Cumulative production has amounted to about 88.8 billion barrels (14.1 Gm3).

Heavy crude oil is closely related to natural bitumen from oil sands. Petroleum geologists categorize bitumen from oil sands as ‘extra-heavy oil’ due to its density of less than 10° °API. Bitumen is the heaviest, thickest form of petroleum.

World Reserves. • Currently, 90% of production is from conventional oil. • Heavy oil and bitumen are growing rapidly. • Canada and Venezuela together have  Based on small-scale field tests, Shell has argued that shale oil “will be competitive at crude oil. Page 10. The Status of World Oil Reserves. 10 prices in the mid-$  Total World Crude Oil Resources: 9 – 13 trillion bbls. Bitumen &. Oil Sands. 30%. 25%. Bitumen & Global Heavy Oil Resources. 5. Heavy oil can be found in all  16 Oct 2019 say their crude has become less carbon-intensive than the average. contending that oil sands are among the world's dirtiest fuel sources,  25 Jun 2019 The world's remaining proved reserves of 1.73 trillion barrels can to its questionable reserve estimates for its super-heavy Orinoco crude, with  The share of unconventional oil in global crude production will increase to 17–21 %, With one of the world's largest reserves of heavy oil (over 20 billion tons 

growing reliance on unconventional resources such as heavy oil and oil sands, for which the production processes generally expend more energy. Furthermore  

The results show: (1) For geological resources, CNPC estimate 991.18 billion tonnes of heavy oil and 501.26 billion tonnes of oil sands globally, of which  resource. ─ Oil will still represent. 30% of global energy needs resources. Years of production at current pace. Extra-heavy oil, a major resource to be 

24 May 2011 The U.S. Geological Survey estimates there are some three trillion barrels of heavy oil in the world, about 100 years of global consumption at 

Heavy Oil 100. Tar Sands 54. Oil Shale 6,000. Oil consumed 219. Oil reserves 35.2. Oil remaining in place 307. Oil resources 216 (undiscovered and other 

Heavy Oil is an up and coming energy resource that is aggressively being sought Whether or not conventional oil has a "peak," the world's heavy oil reserves 

23 Aug 2018 Global heavy, sour crude (HSR) production - which involves -crude Latin HSR crude supply to decline as upstream resources deplete and  20 Aug 2019 At today's average oil price of $60 per barrel for Brent crude, that's $5.8 barrels in the calculations above, derived from multiple sources. resources, increasing the importance of those resources asso- ciated with heavy oils. On the production side, worldwide the percentage of heavy oils is now 

Download scientific diagram | Heavy oil global view showing reserves and production strategy being used (Dusseault, 2004). from publication: Errors and  Heavy Oil and Natural Bitumen Resources in Geological Basins of the World. By Richard F. Meyer, Emil D. Attanasi, and Philip A. Freeman. Open File-Report  The results show: (1) For geological resources, CNPC estimate 991.18 billion tonnes of heavy oil and 501.26 billion tonnes of oil sands globally, of which  resource. ─ Oil will still represent. 30% of global energy needs resources. Years of production at current pace. Extra-heavy oil, a major resource to be