Future sources of crude oil supply and quality considerations

by J.H.Laherrère

from DRI/McGraw-Hill/French Petroleum Institute conference
"Oil markets over the next two decades: surplus or shortage?"
Rueil-Malmaison, France, 12-13 June 1997

Crude oil supply

  • Reserves are only a portion of resources
  • Production comes only from reserves, not from resources
  • A large portion of resources will never be produced, requiring more energy to produce than can be recovered.

    Constraints for oil resources to become oil reserves