Oil and gas exploration and development: stable growth bright scene

In the global oil and gas exploration and development-won progress, the substantial growth in shale oil and  shale gas  production is undoubtedly the most dazzling.

2012 global oil and gas exploration and development industry running smoothly, and achieved good results. Oil and gas reserves and production to maintain growth, shale oil and gas and offshore oil and gas exploration and development has made new progress, the upstream oil and gas industry mergers and acquisitions to new records.

Undiscovered oil and gas resources are still abundant reserves and production to maintain stable growth

U.S. Geological Survey in 2012 released "2012 World undiscovered conventional oil and gas resource assessment report" Data shows that global conventional oil and gas resource potential is still large, which conventional natural gas resources to be found 6,300,000,000,000,000 cubic feet, to be found in conventional oil 7350 billion barrels and gas resources, show a good resource potential. 2012 exploration and development progress further show that the world has great potential of unconventional gas  resources, showing a good development prospect.

According to the United States, "Oil and Gas Journal" reported that the end of 2012 global oil proven reserves of 1.64 trillion barrels, 01,200 barrels over the previous year; 6,793,000,000,000,000 cubic feet of natural gas proved reserves, 46 trillion cubic feet over the previous year. Oil production is about 75.72 million barrels / day, an increase of 2.9% over the previous year. OPEC's average daily production of which rose by 5%, while non-OPEC countries increased by 1.4% per day.

Shale oil and gas continues to lead the United States, China and vigorously promote the

2012 U.S. shale gas production continued to grow, the U.S. Energy Information Administration predicts more than 230 billion cubic meters, an increase of nearly 4 percent over the previous year. Shale oil production to grow significantly, becoming after U.S. shale gas unconventional oil and gas fields in another breakthrough. 2012 North Dakota shale oil daily output of 60,000 barrels from 5 years ago increased to 50 million barrels, mainly from the Bakken shale. According to the U.S. Geological Survey to conservative estimates, the Bakken Shale oil reserves of about 430 billion barrels. Eagle Ford shale in the United States and a major oil exploration and development target area, the scale of shale oil recoverable reserves estimated at 70 billion to 100 billion barrels. Texas Railroad Commission released data show that in 2012 the first 10 months in the region, has issued more than 4,000 drilling permits, gradually increase the workload of inputs.

2012 China adopted a series of measures to vigorously promote shale gas exploration and development. National Energy Board officially announced the "shale gas development plan (2011-2015)," clearly the development of China's shale gas industry, the guiding ideology, basic principles, development objectives, key tasks and safeguard measures. Ministry of Finance and the National Energy Bureau jointly issued "on the introduction of shale gas development and utilization of subsidy policy," which clearly the central government will allocate special funds to subsidize shale gas exploration companies.