Exploration maturity key to ranking search areas
Oil & Gas Journal
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Abstract
The study area of US Geological Survey Circular 1288, the world outside the US and Canada, was partitioned into 44 countries and country groups. Map figures such as Fig. 2 and graphs similar to Figs. 3 and 4 provide a visual summary of maturity of oil and gas exploration. From 1992 through 2001, exploration data show that in the study area the delineated prospective area expanded at a rate of about 50,000 sq miles/year, while the explored area grew at a rate of 11,000 sq miles/year. The delineated prospective area established by 1970 accounts for less than 40% of total delineated prospective area but contains 75% of the oil discovered to date in the study area. From 1991 through 2000, offshore discoveries accounted for 59% of the oil and 77% of the gas discovered in the study area.
Suggested Citation
Attanasi, E.D., Freeman, P., 2008, Exploration maturity key to ranking search areas: Oil & Gas Journal, v. 106, no. 11, HTML Document .
| Publication type | Article |
|---|---|
| Publication Subtype | Journal Article |
| Title | Exploration maturity key to ranking search areas |
| Series title | Oil & Gas Journal |
| Volume | 106 |
| Issue | 11 |
| Year Published | 2008 |
| Language | English |
| Publisher | PennWell Corporation |
| Publisher location | Tulsa, OK |
| Contributing office(s) | Eastern Energy Resources Science Center, Energy Resources Program |
| Description | HTML Document |