As a non-renewable resource, oil is extremely precious to human life. Rystad Energy's latest report believes that the world's remaining recoverable oil resources are decreasing, which shows that oil production and consumption are in line with climate goals. It is believed that the total global recoverable oil resources will be 1.73 trillion barrels in 2021, a sharp drop from the previous year's estimate of 1.9 trillion barrels. Before 2100, based on the Brent oil price of US$50 per barrel, about 1.3 trillion barrels of oil would be profitable.
"Under such circumstances, by 2050, global oil and gas production will fall below 50 million barrels per day. From now to 2100, the total greenhouse gas emissions will be less than the exploration, development, processing and consumption of these commercially exploitable oil 450 gigatons of carbon dioxide.” Per Magnus Nysveen, head of analysis at Rystad Energy, believes that “this is in line with the United Nations Intergovernmental Panel on Climate Change’s goal of controlling global warming to 1.8 degrees Celsius.”
In terms of resource ownership, Saudi Arabia has the largest number of recoverable oil resources with 288 billion barrels, followed by the United States with 214 billion barrels. Russia and Canada rank third and fourth with 149 billion barrels and 138 billion barrels. In Central and South America, Brazil has 83 billion barrels (a decrease of 2 billion barrels from the 2020 statistics) of recoverable resources and still ranks first. In Europe, Norway has 19 billion barrels (a drop of 1 billion barrels from the 2020 statistics), still ahead of the United Kingdom (10 billion barrels). In Africa, Nigeria’s statistics are down 6 billion barrels from 2020, and it is currently about 20 billion barrels. Australia's recoverable oil resources increased by 2 billion barrels to 23 billion barrels.
Keywords: foreign engineering news, foreign engineering project information, foreign engineering construction news
The remaining recoverable resources of OPEC countries decreased by 53 billion barrels to 741 billion barrels; among them, Saudi Arabia and Iran fell the most, with a decrease of 11 billion barrels each; Iraq followed closely, with a decrease of 8 billion barrels to 110 billion barrels. Among non-OPEC oil-producing countries, the United States has the largest decline in remaining recoverable resources, decreasing by 30 billion barrels to 214 billion barrels. Affected by complex geological conditions that require more extensive exploration activities and more demanding fracturing technologies, the upward potential of shale oil exploration is reduced.
It is reported that Rystad Energy evaluates the world's recoverable oil resources every year, and the statistics are as of January 1, 2021. Editor/XuNing
Comment
Write something~