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    MNL73

    Prospective Outlook on World Oil and Gas Reserves and Long-Range Planning Systems

    Published: Sep 2016


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    Abstract

    This chapter reviews the historical trends of the world's major oil and gas reserves, their production and consumption, and their future outlook. The chapter also surveys the effect of non-fossil-fuel and unconventional-fossil-fuel energy sources on future energy prospects. The authors summarize the methods that typically are implemented to estimate oil and gas reserves and the major sources of uncertainties associated with these estimates. The authors introduce energy systems models that represent a powerful tool in developing energy infrastructures that efficiently utilize available energy resources.

    Keywords:

    oil, natural gas, reserves, energy prospects, reserve estimation methods, energy systems models, unconventional resources


    Author Information:

    Elsholkami, Mohamed
    University of Waterloo, Department of Chemical Engineering, Waterloo, ON

    Elkamel, Ali
    University of Waterloo, Department of Chemical Engineering, Waterloo, ON


    Committee/Subcommittee: D18.26

    DOI: 10.1520/MNL7320140025