Accompanying CD-ROM contains ... "a table of 877 giant fields ... [and] statistical and geologic information on sedimentary-province settings of giant fields."--Page 4 of cover.
Assesses conventional known and prospective recoverable world crude oil resources by describing and analyzing giant (500 million barrels or more) oil fields. The report lists 272 known giant oil fields containing 76.7 percent of the 1011.5 billion barrels of recoverable crude oil resources as of 1975. The 33 known super-giant (5 billion barrels or more) fields contain more than half of the total. The number of giant fields discovered has been at a high plateau since the early 1960s. The amount discovered in giant fields has dropped sharply during this same period because of a precipitous decline in the number of super-giant discoveries. Ultimate conventional world oil resources are estimated to be between 1700 and 2300 billion barrels. Because few super-giants are likely to be discovered and the discovery rate of other giant fields will soon decline, most future additions will come from additional recovery from known fields, not new discoveries.
This paper explores the effect of news shocks on the current account and other macroeconomic variables using worldwide giant oil discoveries as a directly observable measure of news shocks about future output ? the delay between a discovery and production is on average 4 to 6 years. We first present a two-sector small open economy model in order to predict the responses of macroeconomic aggregates to news of an oil discovery. We then estimate the effects of giant oil discoveries on a large panel of countries. Our empirical estimates are consistent with the predictions of the model. After an oil discovery, the current account and saving rate decline for the first 5 years and then rise sharply during the ensuing years. Investment rises robustly soon after the news arrives, while GDP does not increase until after 5 years. Employment rates fall slightly for a sustained period of time.
"Oil and gas fields greater than 500 MMBO equivalent are called giants. They are the world's ultimate prize. Giants drive worldwide economies and human prosperity. Nearly 50 years ago, Michel T. Halbouty encouraged geoscientists to practice Discovery Thinking and study fields that matter most when he initiated the Giant Fields AAPG Memoir series. Previous Giant Fields Memoirs are: Memoir 14, Memoir 30, Memoir 54, and Memoir 78. It is exciting that giant fields are still being found today. The decade 2000-2010 was characterized by the rise of the unconventional plays. These are dominated by large regional accumulations in small microscopic pore throats. In addition to the unconventional accumulations, deep-water accumulations continue to have increasing importance in the global hydrocarbon budget. The editors of this latest Giant Fields volume, R. K. Merrill and C. A. Sternbach, believe that giant fields will continue to be found with renewed technology, new exploration and production concepts, enhanced imaging, and the boldness to explore in deeper water and more remote geography. AAPG Memoir 113 proudly continues the fifth decade of the Giant Fields series" -- Provided by publisher.
Twilight in the Desert reveals a Saudi oil and production industry that could soon approach a serious, irreversible decline. In this exhaustively researched book, veteran oil industry analyst Matthew Simmons draws on his three-plus decades of insider experience and more than 200 independently produced reports about Saudi petroleum resources and production operations. He uncovers a story about Saudi Arabias troubled oil industry, not to mention its political and societal instability, which differs sharply from the globally accepted Saudi version. Its a story that is provocative and disturbing, based on undeniable facts, but until now never told in its entirety. Twilight in the Desert answers all readers questions about Saudi oil and production industries with keen examination instead of unsubstantiated posturing, and takes its place as one of the most important books of this still-young century.
Giant Coal-Derived Gas Fields and Their Gas Sources in China presents a thorough look at 32 coal-derived gas fields in China. This reference book includes two main parts, the first discussing the geologic characteristics of the tectonic, stratigraphy, source and cap rock assemblage for the accumulation periods. The second part features multiple differential indexes, charts, phase states (gas, liquid, solid), and the methods used to determine the sources of the coal-derived giant gas fields. As the first comprehensive coverage of the methods of gas to source correlation in China, this book will be a classic reference for researchers working in natural gas geology and geochemistry, and teachers working in universities around the world. - Provides geochemical data of the coal-derived giant gas fields, guaranteeing the reliability of the research - Integrates various indexes, charts, phase states (gas, liquid, solid), and methods to determine the sources of the coal-derived giant gas fields - Provides numerous data and case studies of gas fields from coal source rock, giving readers a unique reference for the petroleum geochemistry and geology market