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Explorationists unite

Journal Article · · Energy Detente; (United States)
OSTI ID:6078462
In this issue, coverage of the research meeting of the American Association of Petroleum Geologists in Santa Maria, CA, October 29-November 2, 1984, is continued. With economists predicting the light-heavy crude differential will fall to just $1.00/bbl, the incentive to seek nonconventional oil should be more at par with the incentive to look for light crude. Petroleum explorationists are seeking the geological intelligence to tell producers where to drill, and encouraging them that larger, high-quality deposits of heavy oil and tar sands are on the verge of being cost-competitive. A graph illustrates total volumes (oil in place and production to date) of heavy crudes and bitumen by individual states, the total reaching over 154-billion bbl; of this amount, 36 billion is estimated for Alaska and almost 64 billion for California. Heavy oil production, as different from tar sands production, could reach 1 million bbl/day by the year 2000; it is pointed out, however, that this level represents only 1.8% of current total world production of conventional crude oil. This issue presents the fuel price/tax series and the principal industrial fuel prices as of November 1984 for countries of the Eastern Hemisphere.
OSTI ID:
6078462
Journal Information:
Energy Detente; (United States), Journal Name: Energy Detente; (United States) Vol. 5:23; ISSN EDETD
Country of Publication:
United States
Language:
English