World reserves holding up despite record production
In 1979, world gas reserves increased 2.8%, or 71.1 trillion CF, to a year-end total of 2573 TCF, according to an Oil and Gas Journal survey of world oil and gas reserves. Noncommunist areas gained 81 TCF to a total of 1638 TCF; of this total, the 13 members of OPEC account for 79%. In Western Europe, gas reserves slipped almost 8 TCF to 135.4 TCF; the Asia-Pacific region gained 8.2 TCF; and African reserves rose 24 TCF. Reserves of both oil and gas declined in the British and Norwegian North Sea sectors, reflecting recent low levels of exploration. In the U.S., large gas finds in the Overthrust Belt of the Rockies, the Tuscaloosa trend of Louisiana, and the Baltimore Canyon off the East Coast helped keep the 1979 decline in reserves below the declines of the last several years.
- OSTI ID:
- 5199166
- Journal Information:
- Oil Gas J.; (United States), Journal Name: Oil Gas J.; (United States) Vol. 77; ISSN OIGJA
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
030100* -- Natural Gas-- Reserves-- (-1989)
AFRICA
ASIA
ATLANTIC OCEAN
ENERGY SOURCES
EUROPE
EXPLORATION
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
GLOBAL ASPECTS
INTERNATIONAL ORGANIZATIONS
MINERAL RESOURCES
NATURAL GAS
NATURAL GAS DEPOSITS
NORTH AMERICA
NORTH SEA
OIL-EXPORTING COUNTRIES
OPEC
PETROLEUM
RESERVES
RESOURCES
SEAS
SURFACE WATERS
USA
WESTERN EUROPE