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Assessing Undiscovered Oil.

Publication: Energy
Date: Thursday, June 22 2000

A new analysis from USGS totes up potential reserves.

The World Energy Assessment Team of the United States Geological Survey (USGS) has just completed a five-year study to assess conventional oil, gas, and natural gas liquids (NGL) resources of the world outside the United States that have the potential to be added to reserves within a 30-year time frame (1995-2025). In developing the World Petroleum Assessment 2000, the potential for conventional discoveries in hypothetical and frontier assessment units, as well as in established areas already known to be rich in petr

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