The Race to Replace Reserves

October 07, 2012 | State of the Market Report

With conventional production on the decline since 2006 and 80% of reserves in the hands of national oil companies, producers struggle to find replacement reserves that can bolster balance sheets and offset record production. Their focus is intently on unconventional reserves and improving recovery rates in order to avoid a world energy crisis. New cost-efficient technologies are needed to ensure that production keeps pace with global demand and that reserves are secure for future generations.

Coverage Areas

  • Exploration and Production
  • Owning the Energy Transition

Table of Contents

  • Executive Summary
  • Landscape
  • Analysis
  • Outlook
  • Appendix
  • Endnotes

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