Undeveloped Oil and Gas Fields in the Industrializing World : A Description of Potential International Investment Projects for the Petroleum Industry
Intensive exploration for oil, and gas, led to considering many discovered fields as non-commercial, which have since, not been developed. Yet, if developed, these fields could have significant economic impacts on a number of the Bank's borrow...
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| Language: | English en_US |
| Published: |
Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2001/02/1346315/undeveloped-oil-gas-fields-industrializing-world-description-potential-international-investment-projects-petroleum-industry http://hdl.handle.net/10986/20301 |
| Summary: | Intensive exploration for oil, and gas,
led to considering many discovered fields as non-commercial,
which have since, not been developed. Yet, if developed,
these fields could have significant economic impacts on a
number of the Bank's borrowing countries. The study
examines the undeveloped fields, the commercial potential,
and contractual conditions under which these fields were
discovered, and, in partnership with PetroConsultants, and
Robertson Research, evaluates the likelihood for commercial
viability. The study provides country-specific proposed
changes, that if implemented, would ensure the commercial
development of these otherwise marginal fields. Obviously,
the private sector-oil companies would undertake commercial
development, thus the study aims to assure the economic, and
technical feasibility of those fields, and allow
reconsideration by the industry, for development investment.
Comparative data was obtained from the Study of World Wide
Petroleum Contract Terms, the Africa Gas Initiative, the Gas
Flare Reduction Project, and the International Finance
Corporation's Potential African Carbon Trading
projects. It is suggested that extraction of
country-specific conclusions, be done by listing countries
per type of Bank intervention, i.e., economic sector work;
developed as part of a larger energy project; exploration
promotion programs; gas market development; or technical
assistance projects. |
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