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The Race to Replace Reserves

With conventional production on the decline since 2006 and 80% of reserves in the hands of national oil companies, producers struggle to find replacement reserves that can bolster balance sheets and offset record production. Their focus is intently on unconventional reserves and improving recovery rates in order to avoid a world energy crisis. New cost-efficient technologies are needed to ensure that production keeps pace with global demand and that reserves are secure for future generations.

Table of Contents

  • Executive Summary
  • Landscape
    • The Race to Replace Reserves and Keep Pace with Demand
    • Unconventional Oil and Gas - It Really Is the Future
      • Definition of Reserves
      • North, South, and Central America hold the key to unconventional reserves.
      • Breakdown of Unconventional Reserves
      • Ownership of Reserves
      • Analysis of OPEC Reserves Reveals 70% Overstatement
      • Major Players, Reserve Holders, and Growth of Asian NOCs
    • Understanding Market Behaviors
      • Level of Capital Expenditure in the Sector
    • Revitalizing Production of Declining Wells and the Role of EOR Will Blunt the Decline
    • Biggest Plays in Decline
    • Developments in EOR
    • Landscape Conclusions
  • Analysis
    • Market Needs: Trends in the Sector and the Path Forward
    • Examining Companies and Technologies
      • The Lux Innovation Grid Breaks Out Companies by Three Attributes and the Lux Take
      • Interpreting Company Positions
      • The Companies
  • Outlook
  • Appendix
  • About Lux Research
  • Endnotes
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