Search USGS⌕ Search

SEARCH · Search USGS

Results for “World Oil”

Search indexed USGS publications on groundwater, aquifers, geologic maps, mineral resources and earthquakes. Explore source records by subject and place.

Quote a phrase for an exact phrase match. Source license links do not imply unrestricted reuse.

At least 19 recordsLinked to original sources
USGS1997

Changing Perceptions of World Oil and Gas Resources as Shown by Recent USGS Petroleum Assessments

The U.S. Geological Survey (USGS) periodically conducts geology-based assessments of the oil and gas resources of the world in recognition of the fact that the United States economic security is closely linked to energy resources outside the United States. Four such petroleum assessments have been published in recent years (Masters and others, 1984, 1987, 1991, and 1994). A summary of these assessments (table 1) indicates the magnitude of world conventional oil and gas resources, as perceived in the 1980s and 1990s by the USGS. These four successive world petroleum assessments evidence changes in perception through time. The assessments were prepared using a consistent methodology by the same core group of geologists. Because of this continuity, differences among the four assessments can be largely attributed to an evolving understanding of world recoverable oil and gas resources rather than to procedural or philosophical changes. In this fact sheet, some of the trends in the estimates of table 1 are examined with a view toward better understanding world oil and gas resources in the context of the next few decades.

Fact Sheet↗
USGS1998

How perceptions have changed of world oil, gas resources

In this article, some of the trends in the estimates of the oil and gas resources are examined, with a view toward better understanding world oil and gas resources in the context of the next few decades. Quantitative assessments facilitate recognition of the big picture, which is necessary for purposes of planning and investment, and also form the foundation for periodic adjustments to the big picture made necessary by changes in technology and scientific understanding.

Oil & Gas Journal↗
USGS1983

Distribution and quantitative assessment of world crude oil reserves and resources

World Demonstrated Reserves of crude oil are approximately 723 billion barrels of oil (BBO). Cumulative production is 445 BBO and annual production is 20 BBO. Demonstrated Reserves of crude-oil have declined over the past 10 years consistent with discoveries lagging production over the same period. The assessment of Undiscovered Resources shows a 90 percent probability that the amount discoverable lies between 321 and 1,417 BBO, 550 BBO being the most likely value. The most likely value for Ultimate recoverable resources is 1,718 BBO. The distribution of Ultimate Resources of crude oil will remain highly skewed toward the Middle East; no frontier areas that have potentials large enough to significantly affect present distribution are recognized. Rates of discovery have continued to decline over the past 20 years even though exploration activity has increased in recent years. Prudence dictates, therefore, that the low side of the assessment of Undiscovered Resources be responsibly considered and that alternate energy sources be a part of future planning. Extra-heavy oil and bitumen are assessed separately, with Reserves being figured as the annual productive capacity of installed facilities times 25 years. The annual production of extra-heavy oil is about 8 million barrels and of bitumen about 60 million barrels.

Open-File Report↗
USGS2006

Geology and resources of some world oil-shale deposits

Oil-shale deposits are in many parts of the world. They range in age from Cambrian to Tertiary and were formed in a variety of marine, continental, and lacustrine depositional environments. The largest known deposit is in the Green River Formation in the western United States; it contains an estimated 213 billion tons of in-situ shale oil (about 1.5 trillion U.S. barrels). Total resources of a selected group of oil shale deposits in 33 countries are estimated at 409 billion tons of in-situ shale oil, which is equivalent to 2.8 trillion U.S. barrels of shale oil. These amounts are very conservative because (1) several deposits mentioned herein have not been explored sufficiently to make accurate estimates, and (2) some deposits were not included in this survey.

Scientific Investigations Report↗
USGS2006

Geology and resources of some world oil-shale deposits

Oil-shale deposits are in many parts of the world. They range in age from Cambrian to Tertiary and were formed in a variety of marine, continental, and lacustrine depositional environments. The largest known deposit is in the Green River Formation in the western United States; it contains an estimated 213 billion tons of in-situ shale oil (about 1.5 trillion U.S. barrels). Total resources of a selected group of oil shale deposits in 33 countries are estimated at 409 billion tons of in-situ shale oil, which is equivalent to 2.8 trillion U.S. barrels of shale oil. These amounts are very conservative because (1) several deposits mentioned herein have not been explored sufficiently to make accurate estimates, and (2) some deposits were not included in this survey.

Scientific Investigations Report↗
USGS2009

Geology and resources of some world oil-shale deposits

Oil-shale deposits are in many parts of the world. They range in age from Cambrian to Tertiary and were formed in a variety of marine, continental, and lacustrine depositional environments. The largest known deposit is in the Green River Formation in the western United States; it contains an estimated 213 billion tons of in-situ shale oil (about 1.5 trillion U.S. barrels). Total resources of a selected group of oil shale deposits in 33 countries are estimated at 409 billion tons of in-situ shale oil, which is equivalent to 2.8 trillion U.S. barrels of shale oil. These amounts are very conservative because (1) several deposits mentioned herein have not been explored sufficiently to make accurate estimates, and (2) some deposits were not included in this survey.

Book↗
USGS2011

Applying monitoring, verification, and accounting techniques to a real-world, enhanced oil recovery operational CO2 leak

The use of carbon dioxide (CO 2 ) for enhanced oil recovery (EOR) is being tested for oil fields in the Illinois Basin, USA. While this technology has shown promise for improving oil production, it has raised some issues about the safety of CO 2 injection and storage. The Midwest Geological Sequestration Consortium (MGSC) organized a Monitoring, Verification, and Accounting (MVA) team to develop and deploy monitoring programs at three EOR sites in Illinois, Indiana, and Kentucky, USA. MVA goals include establishing baseline conditions to evaluate potential impacts from CO 2 injection, demonstrating that project activities are protective of human health and the environment, and providing an accurate accounting of stored CO 2 . This paper focuses on the use of MVA techniques in monitoring a small CO 2 leak from a supply line at an EOR facility under real-world conditions. The ability of shallow monitoring techniques to detect and quantify a CO 2 leak under real-world conditions has been largely unproven. In July of 2009, a leak in the pipe supplying pressurized CO 2 to an injection well was observed at an MGSC EOR site located in west-central Kentucky. Carbon dioxide was escaping from the supply pipe located approximately 1 m underground. The leak was discovered visually by site personnel and injection was halted immediately. At its largest extent, the hole created by the leak was approximately 1.9 m long by 1.7 m wide and 0.7 m deep in the land surface. This circumstance provided an excellent opportunity to evaluate the performance of several monitoring techniques including soil CO 2 flux measurements, portable infrared gas analysis, thermal infrared imagery, and aerial hyperspectral imagery. Valuable experience was gained during this effort. Lessons learned included determining (1) hyperspectral imagery was not effective in detecting this relatively small, short-term CO 2 leak, (2) even though injection was halted, the leak remained dynamic and presented a safety risk concern during monitoring activities and, (3) the atmospheric and soil monitoring techniques used were relatively cost-effective, easily and rapidly deployable, and required minimal manpower to set up and maintain for short-term assessments. However, characterization of CO 2 distribution near the land surface resulting from a dynamic leak with widely variable concentrations and fluxes was challenging.

Illinois, Indiana, and Kentucky↗
USGS2005

Reserve growth of the world's giant oil fields

Analysis of estimated total recoverable oil volume (field size) of 186 well-known giant oil fields of the world (>0.5 billion bbl of oil, discovered prior to 1981), exclusive of the United States and Canada, demonstrates general increases in field sizes through time. Field sizes were analyzed as a group and within subgroups of the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC countries. From 1981 through 1996, the estimated volume of oil in the 186 fields for which adequate data were available increased from 617 billion to 777 billion bbl of oil (26%). Processes other than new field discoveries added an estimated 160 billion bbl of oil to known reserves in this subset of the world's oil fields. Although methods for estimating field sizes vary among countries, estimated sizes of the giant oil fields of the world increased, probably for many of the same reasons that estimated sizes of oil fields in the United States increased over the same time period. Estimated volumes in OPEC fields increased from a total of 550 billion to 668 billion bbl of oil and volumes in non-OPEC fields increased from 67 billion to 109 billion bbl of oil. In terms of percent change, non-OPEC field sizes increased more than OPEC field sizes (63% versus 22%). The changes in estimated total recoverable oil volumes that occurred within three 5-year increments between 1981 and 1996 were all positive. Between 1981 and 1986, the increase in estimated total recoverable oil volume within the 186 giant oil fields was 11 billion bbl of oil; between 1986 and 1991, the increase was 120 billion bbl of oil; and between 1991 and 1996, the increase was 29 billion bbl of oil. Fields in both OPEC and non-OPEC countries followed trends of substantial reserve growth.

Conference Paper↗
USGS2008

Jurassic-Cretaceous Composite Total Petroleum System and Geologic Assessment of Oil and Gas Resources of the North Cuba Basin, Cuba

The purpose of the U.S. Geological Survey's (USGS) World Oil and Gas Assessment is to develop geologically based hypotheses regarding the potential for additions to oil and gas reserves in priority areas of the world. The U.S. Geological Survey (USGS) completed an assessment of the undiscovered oil and gas potential of the North Cuba Basin. The assessment is based on the geologic elements of the total petroleum system (TPS) defined in the province, including petroleum source rocks (source-rock maturation, generation, and migration), reservoir rocks (sequence stratigraphy and petrophysical properties), and petroleum traps (Trap formation and timing). Using this geologic framework, the USGS defined a Jurassic-Cretaceous Total Petroleum System in the North Cuba Basin Province. Within this TPS, three assessment units were defined and assessed for undiscovered oil and gas resources.

Data Series↗
USGS2013

Assessment of undiscovered oil and gas resources of the Cretaceous-Tertiary Composite Total Petroleum System, Taranaki Basin Assessment Unit, New Zealand

The Cretaceous-Tertiary Composite Total Petroleum System coincident Taranaki Basin Assessment Unit was recently assessed for undiscovered technically recoverable oil, natural gas, and natural gas liquids resources as part of the U.S. Geological Survey (USGS) World Energy Resources Project, World Oil and Gas Assessment. Using a geology-based assessment methodology, the USGS estimated mean volumes of 487 million barrels of oil, 9.8 trillion cubic feet of gas, and 408 million barrels of natural gas liquids.

Taranaki Basin↗
USGS2011

Oil and gas resource potential north of the Arctic Circle

The US Geological Survey recently assessed the potential for undiscovered conventional petroleum in the Arctic. Using a new map compilation of sedimentary elements, the area north of the Arctic Circle was subdivided into 70 assessment units, 48 of which were quantitatively assessed. The Circum-Arctic Resource Appraisal (CARA) was a geologically based, probabilistic study that relied mainly on burial history analysis and analogue modelling to estimate sizes and numbers of undiscovered oil and gas accumulations. The results of the CARA suggest the Arctic is gas-prone with an estimated 770–2990 trillion cubic feet of undiscovered conventional natural gas, most of which is in Russian territory. On an energy-equivalent basis, the quantity of natural gas is more than three times the quantity of oil and the largest undiscovered gas field is expected to be about 10 times the size of the largest undiscovered oil field. In addition to gas, the gas accumulations may contain an estimated 39 billion barrels of liquids. The South Kara Sea is the most prospective gas assessment unit, but giant gas fields containing more than 6 trillion cubic feet of recoverable gas are possible at a 50% chance in 10 assessment units. Sixty per cent of the estimated undiscovered oil resource is in just six assessment units, of which the Alaska Platform, with 31% of the resource, is the most prospective. Overall, the Arctic is estimated to contain between 44 and 157 billion barrels of recoverable oil. Billion barrel oil fields are possible at a 50% chance in seven assessment units. Undiscovered oil resources could be significant to the Arctic nations, but are probably not sufficient to shift the world oil balance away from the Middle East.

Geological Society Memoir↗
USGS2010

Assessment of undiscovered oil and gas resources of four west Africa geologic provinces

Four geologic provinces located along the northwest and west-central coast of Africa recently were assessed for undiscovered oil, natural gas, and natural gas liquids resources as part of the U.S. Geological Survey's (USGS) World Oil and Gas Assessment. Using a geology-based assessment methodology, the USGS estimated mean volumes of 71.7 billion barrels of oil, 187.2 trillion cubic feet of natural gas, and 10.9 billion barrels of natural gas liquids.

Fact Sheet↗
USGS2010

Assessment of undiscovered oil and gas resources of the Chad Basin Province, North-Central Africa

The Chad Basin Province located in north-central Africa recently was assessed for undiscovered, technically recoverable oil, natural gas, and natural gas liquids resources as part of the U.S. Geological Survey's (USGS) World Oil and Gas Assessment. Using a geology-based assessment methodology, the USGS estimated mean volumes of 2.32 billion barrels of oil, 14.65 trillion cubic feet of natural gas, and 391 million barrels of natural gas liquids.

Fact Sheet↗
USGS2011

Assessment of undiscovered oil and gas resources of the Sud Province, north-central Africa

The Sud Province located in north-central Africa recently was assessed for undiscovered, technically recoverable oil, natural gas, and natural gas liquids resources as part of the U.S. Geological Survey's (USGS) World Oil and Gas Assessment. Using a geology-based assessment methodology, the USGS estimated mean volumes of 7.31 billion barrels of oil, 13.42 trillion cubic feet of natural gas, and 353 million barrels of natural gas liquids.

Fact Sheet↗
USGS2011

Assessment of undiscovered oil and gas resources of the West African Costal Province, West Africa

The West African Coastal Province along the west African coastline recently was assessed for undiscovered, technically recoverable oil, natural gas, and natural gas liquids resources as part of the U.S. Geological Survey's USGS World Oil and Gas Assessment. Using a geology-based assessment methodology, the USGS estimated mean volumes of 3.2 billion barrels of oil, 23.63 trillion cubic feet of natural gas, and 721 million barrels of natural gas liquids.

Fact Sheet↗
USGS2012

Assessment of undiscovered oil and gas resources of the South Africa Coastal Province, Africa

The South Africa Coastal Province along the South Africa coast recently was assessed for undiscovered, technically recoverable oil, natural gas, and natural gas liquids resources as part of the U.S. Geological Survey's (USGS) World Oil and Gas Assessment. Using a geology-based assessment methodology, the USGS estimated mean volumes of 2.13 billion barrels of oil, 35.96 trillion cubic feet of natural gas, and 1,115 million barrels of natural gas liquids.

Fact Sheet↗
USGS2012

Assessment of undiscovered oil and gas resources of four East Africa Geologic Provinces

Four geologic provinces along the east coast of Africa recently were assessed for undiscovered, technically recoverable oil, natural gas, and natural gas liquids resources as part of the U.S. Geological Survey's (USGS) World Oil and Gas Assessment. Using a geology-based assessment methodology, the USGS estimated mean volumes of 27.6 billion barrels of oil, 441.1 trillion cubic feet of natural gas, and 13.77 billion barrels of natural gas liquids.

Fact Sheet↗