Long term prediction of unconventional oil production

Publisher:
Elsevier
Publication Type:
Journal Article
Citation:
Energy Policy, 2010, 38 (1), pp. 265 - 276
Issue Date:
2010-01
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Although considerable discussion surrounds unconventional oil's ability to mitigate the effects of peaking conventional oil production, very few models of unconventional oil production exist. The aim of this article was to project unconventional oil production to determine how significant its production may be. Two models were developed to predict the unconventional oil production, one model for in situ production and the other for mining the resources. Unconventional oil production is anticipated to reach between 18 and 32 Gb/y (4988 Mb/d) in 20762084, before declining. If conventional oil production is at peak production then projected unconventional oil production cannot mitigate peaking of conventional oil alone.
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