Market Research Report - 252813
The Race to Replace Reserves
|Published by||Lux Research|
|Published||Content info||37 Pages|
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.