China's unconventional oil: A review of its resources and outlook for long-term production

Wang, J; Feng, L; Steve, M; Tang, X; Gail, TE; Mikael, H

China's unconventional oil: A review of its resources and outlook for long-term production

Wang, J Feng, L Steve, M Tang, X Gail, TE Mikael, H

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Publication Type:: Journal Article
Citation:: Energy, 2015, 82 pp. 31 - 42
Issue Date:: 2015-03-15

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Field	Value	Language
dc.contributor.author	Wang, J	en_US
dc.contributor.author	Feng, L	en_US
dc.contributor.author	Steve, M	en_US
dc.contributor.author	Tang, X	en_US
dc.contributor.author	Gail, TE	en_US
dc.contributor.author	Mikael, H	en_US
dc.date.issued	2015-03-15	en_US
dc.identifier.citation	Energy, 2015, 82 pp. 31 - 42	en_US
dc.identifier.issn	0360-5442	en_US
dc.identifier.uri	http://hdl.handle.net/10453/118543
dc.description.abstract	© 2014 Elsevier Ltd. Due to the expected importance of unconventional oil in China's domestic oil supply, this paper first investigates the four types of China's unconventional oil resources comprehensively: heavy and extra-heavy oil, oil sands, broad tight oil and kerogen oil. Our results show that OIP (Oil-in-Place) of these four types of resources amount to 19.64Gt, 5.97Gt, 25.74Gt and 47.64Gt respectively, while TRRs (technically recoverable resources) amount to 2.24Gt, 2.26Gt, 6.95Gt and 11.98Gt respectively. Next, the Geologic Resources Supply-Demand Model is used to quantitatively project the long-term production of unconventional oil under two resource scenarios (TRR scenario and Proved Reserve+Cumulative Production scenario). Our results indicate that total unconventional oil production will peak in 2068 at 0.351Gt in TRR scenario, whereas peak year and peak production of PR (proved reserves)+CP (Cumulative Production) scenario are 2023 and 0.048Gt, significantly earlier and lower than those of TRR scenario. The implications of this growth in production of unconventional oil for China are also analyzed. The results show that if the TRR scenario can be achieved, it will increase total supply and improve oil security considerably. However, achieving the production in TRR scenario has many challenges, and even if it is achieved, China will still need to rely on imported oil.	en_US
dc.relation.ispartof	Energy	en_US
dc.relation.isbasedon	10.1016/j.energy.2014.12.042	en_US
dc.subject.classification	Energy	en_US
dc.title	China's unconventional oil: A review of its resources and outlook for long-term production	en_US
dc.type	Journal Article
utslib.citation.volume	82	en_US
utslib.for	0914 Resources Engineering and Extractive Metallurgy	en_US
utslib.for	0502 Environmental Science and Management	en_US
utslib.for	0913 Mechanical Engineering	en_US
utslib.for	0915 Interdisciplinary Engineering	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/DVC (Research)
pubs.organisational-group	/University of Technology Sydney/DVC (Research)/Institute For Sustainable Futures
utslib.copyright.status	closed_access
pubs.publication-status	Published	en_US
pubs.volume	82	en_US

Abstract:

© 2014 Elsevier Ltd. Due to the expected importance of unconventional oil in China's domestic oil supply, this paper first investigates the four types of China's unconventional oil resources comprehensively: heavy and extra-heavy oil, oil sands, broad tight oil and kerogen oil. Our results show that OIP (Oil-in-Place) of these four types of resources amount to 19.64Gt, 5.97Gt, 25.74Gt and 47.64Gt respectively, while TRRs (technically recoverable resources) amount to 2.24Gt, 2.26Gt, 6.95Gt and 11.98Gt respectively. Next, the Geologic Resources Supply-Demand Model is used to quantitatively project the long-term production of unconventional oil under two resource scenarios (TRR scenario and Proved Reserve+Cumulative Production scenario). Our results indicate that total unconventional oil production will peak in 2068 at 0.351Gt in TRR scenario, whereas peak year and peak production of PR (proved reserves)+CP (Cumulative Production) scenario are 2023 and 0.048Gt, significantly earlier and lower than those of TRR scenario. The implications of this growth in production of unconventional oil for China are also analyzed. The results show that if the TRR scenario can be achieved, it will increase total supply and improve oil security considerably. However, achieving the production in TRR scenario has many challenges, and even if it is achieved, China will still need to rely on imported oil.

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http://hdl.handle.net/10453/118543