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Book Chapter

Reserve Growth

Published:
January 01, 2005

Abstract

Reserve growth refers to the increases, in estimated sizes of discovered fields, that can occur through time as oil and natural gas fields are developed and produced. In the U.S., which is one of the most intensely explored countries in the world, reserve growth is widely considered to be a major component of remaining oil and natural gas resources (Arrington, 1960; Root and Mast, 1993; Attanasi and Root, 1994; Root et al., 1995; Schmoker and Attanasi, 1996, 1997; Attanas and Schmoker, 1997; Attanasi et al., 1999; Verma, 2000; Klett, 2003; Klett and Schmoker, 2003). A forecast of world potential reserve growth was therefore a necessary element of the World Petroleum Assessment 2000 (USGS, 2000). The forecast (Table 1) shows that the estimated potential additions to reserves from reserve growth are nearly as large as the estimated undiscovered resource volumes (Schmoker and Klett, 2000). Unlike World Petroleum Assessment 2000 (USGS, 2000), allocations of the world reserve growth were made in this study for the eight regions of the world for liquid petroleum, oil and natural gas liquids, (Figure 30), and natural gas (Figure 31).

Reserve growth refers to the increases, in estimated sizes of discovered fields, that can occur through time as oil and natural gas fields are developed and produced. In the U.S., which is one of the most intensely explored countries in the world, reserve growth is widely considered to be a major component of remaining oil and natural gas resources (Arrington, 1960; Root and Mast, 1993;

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Contents

AAPG Memoir

Global Resource Estimates from Total Petroleum Systems

Thomas S. Ahlbrandt
Thomas S. Ahlbrandt
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Ronald R. Charpentier
Ronald R. Charpentier
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T. R. Klett
T. R. Klett
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James W. Schmoker
James W. Schmoker
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Christopher J. Schenk
Christopher J. Schenk
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Gregory F. Ulmishek
Gregory F. Ulmishek
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American Association of Petroleum Geologists
Volume
86
ISBN electronic:
9781629810430
Publication date:
January 01, 2005

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