Unconventional Crude Oil Development & Production Analyzed in New SBI Study Published at MarketPublishers.com10 May 2012 • by Natalie Aster
LONDON – The 2011-2021 CAGR of 3.8% for global unconventional crude oil production will see the Americas continue to dominate global production of bitumen, and heavy and extra-heavy crude oil, with continued growth in the Canadian oil sands and the expansion of heavy and extra-heavy crude oil production in Venezuela and other Latin American countries. Outside of the Americas, Middle Eastern expansion of heavy crude oil production will represent a significant development, more than doubling unconventional crude oil production in the region through 2021.
The global production of unconventional crude oil is projected to expand at a faster rate than light and medium crude oils through 2018. Conventional light and medium crude oil reserves are estimated to represent only 30% of total remaining petroleum resources, with heavy crude oil, extra-heavy crude oil and bitumen representing 70% of remaining reserves recoverable through existing, viable production techniques and technologies.
New market research study “Oil Sands and Heavy Oil Worldwide: Production and Infrastructure Markets” worked out by SBI details historical and forecast trends in heavy oil, extra-heavy oil and bitumen production (in barrels a day), associated annual capital spending (CAPEX) volumes, and annual market volumes for project infrastructure on a global, regional and country basis between 2007 and 2021.
Oil Sands and Heavy Oil Worldwide: Production and Infrastructure Markets
Published: April, 2012
Price: US$ 4.950,00
More new market research studies by the publisher can be found at SBI page.