Oil and gas on the continental shelf

Journal Article · Mon May 02 04:00:00 EDT 1983 · Oil Gas J.; (United States)

OSTI ID:6091193

Siddayao, C M

The new areas of current and future offshore exploration activity center on the continental shelves and involve about 3 billion acres within 150 sedimentary areas around the world. In the US Arctic alone, where the principal current attraction lies in the Beaufort Sea, about 24 billion bbl of oil and 109 trillion CF of gas await discovery. In the lower Pacific area, giant gas discoveries on the Australian northwest shelf show great promise. Development and utilization of these offshore hydrocarbons hinge on continuous improvement in technology and on raising the required capital. The nonresource constraints to the development and utilization of offshore hydrocarbons are (1) the economics of utilization, (2) the availability of financing, (3) conflicts over rentsharing and resource ownership, and (4) social and environmental issues

• OSTI ID: 6091193
• Journal Information: Oil Gas J.; (United States), Journal Name: Oil Gas J.; (United States) Vol. 81; ISSN OIGJA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020100 -- Petroleum-- Reserves-- (-1989)
020200 -- Petroleum-- Reserves
Geology
& Exploration
03 NATURAL GAS
030100 -- Natural Gas-- Reserves-- (-1989)
030200* -- Natural Gas-- Reserves
Geology
& Exploration
CONTINENTAL MARGIN
CONTINENTAL SHELF
ENERGY SOURCES
EXPLORATION
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
MINERAL RESOURCES
NATURAL GAS
NATURAL GAS DEPOSITS
OFFSHORE OPERATIONS
PETROLEUM
PETROLEUM DEPOSITS
RESERVES
RESOURCES