Depth and Nature of Giant Petroleum Discoveries Through Time as an Indicator of Resource Depletion

L. Bruce Railsback

Journal of Industrial Ecology, 2013, vol. 17, issue 3, 345-351

Abstract: A striking increase of the depth of giant petroleum discoveries in the past 15 years coincides with a shift to discoveries in subsalt plays that require more challenging exploration and drilling. Technological advances have facilitated these changes, but technological advances alone could not have induced these changes in petroleum exploration on a planet in which shallow and less challenging targets remained in abundance like that of previous decades. Instead, the trends toward greater discovery depths and more challenging plays suggest that most of the conventional petroleum accumulations of the kind that fueled the global economic system of the 1900s have already been found.

Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/j.1530-9290.2012.00524.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:inecol:v:17:y:2013:i:3:p:345-351

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1088-1980

Access Statistics for this article

Journal of Industrial Ecology is currently edited by Reid Lifset

More articles in Journal of Industrial Ecology from Yale University
Bibliographic data for series maintained by Wiley Content Delivery ().