Production Costs of Global Conventional and Unconventional Petroleum
Concerns about the costs of developing oil and gas from conventional and unconventional formations have led many commentators to assume that increasing prices are in the offing and may be a limiting factor for economic growth. Historically, production costs have fluctuated as influenced by the cost-...
| Main Author: | |
|---|---|
| Format: | Journal Article |
| Published: |
Elsevier Science Ltd.
2014
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/38856 |
| _version_ | 1848755432942731264 |
|---|---|
| author | Aguilera, Roberto F. |
| author_facet | Aguilera, Roberto F. |
| author_sort | Aguilera, Roberto F. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Concerns about the costs of developing oil and gas from conventional and unconventional formations have led many commentators to assume that increasing prices are in the offing and may be a limiting factor for economic growth. Historically, production costs have fluctuated as influenced by the cost-increasing effects of depletion versus the cost-reducing effects of technological progress. This paper aims to review several methods for assessing current and long-term costs. Despite the uncertainty of such estimation, evidence shows that production costs in the foreseeable future might not increase dramatically and actually could decrease as petroleum development methods improve and additional supplies come online. Recent examples include the commercially viable production of unconventional oil and gas resources that has kept energy prices contained. |
| first_indexed | 2025-11-14T08:56:13Z |
| format | Journal Article |
| id | curtin-20.500.11937-38856 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:56:13Z |
| publishDate | 2014 |
| publisher | Elsevier Science Ltd. |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-388562017-09-13T14:19:01Z Production Costs of Global Conventional and Unconventional Petroleum Aguilera, Roberto F. - Cumulative availability curves Conventional and unconventional - petroleum - Production costs Concerns about the costs of developing oil and gas from conventional and unconventional formations have led many commentators to assume that increasing prices are in the offing and may be a limiting factor for economic growth. Historically, production costs have fluctuated as influenced by the cost-increasing effects of depletion versus the cost-reducing effects of technological progress. This paper aims to review several methods for assessing current and long-term costs. Despite the uncertainty of such estimation, evidence shows that production costs in the foreseeable future might not increase dramatically and actually could decrease as petroleum development methods improve and additional supplies come online. Recent examples include the commercially viable production of unconventional oil and gas resources that has kept energy prices contained. 2014 Journal Article http://hdl.handle.net/20.500.11937/38856 10.1016/j.enpol.2013.07.118 Elsevier Science Ltd. restricted |
| spellingShingle | - Cumulative availability curves Conventional and unconventional - petroleum - Production costs Aguilera, Roberto F. Production Costs of Global Conventional and Unconventional Petroleum |
| title | Production Costs of Global Conventional and Unconventional Petroleum |
| title_full | Production Costs of Global Conventional and Unconventional Petroleum |
| title_fullStr | Production Costs of Global Conventional and Unconventional Petroleum |
| title_full_unstemmed | Production Costs of Global Conventional and Unconventional Petroleum |
| title_short | Production Costs of Global Conventional and Unconventional Petroleum |
| title_sort | production costs of global conventional and unconventional petroleum |
| topic | - Cumulative availability curves Conventional and unconventional - petroleum - Production costs |
| url | http://hdl.handle.net/20.500.11937/38856 |