September 2005 - Tanzania Development Gateway
September 2005 - Tanzania Development Gateway
September 2005 - Tanzania Development Gateway
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ASPO Ireland<br />
www.peakoil.ie/newsletters<br />
OIL & GAS DEPLETION PROFILES<br />
2004 Base Case<br />
50<br />
45<br />
40<br />
35<br />
Gboe<br />
30<br />
25<br />
20<br />
15<br />
10<br />
5<br />
0<br />
1930 1940 1950 1960 1970 1980 1990 2000 2010 2020 2030 2040 2050<br />
Regular Oil Heavy etc Deepwater Polar NGL Gas Non-Con Gas<br />
ESTIMATED PRODUCTION TO 2100 End 2004<br />
Amount Gb Annual Rate - Regular Oil Gb Peak<br />
Regular Oil Mb/d 2000 <strong>2005</strong> 2010 2020 2050 Total Date<br />
Past Future Total USA 4.5 3.4 2.7 1.7 0.4 200 1971<br />
Known Fields New Europe 6.3 5.2 3.7 1.9 0.3 75 2000<br />
945 775 130 1850 Russia 6.3 9.1 8.4 5.4 1.5 220 1987<br />
905 ME Gulf 19 20 20 20 12 680 1974<br />
All Liquids Other 28 28 25 17 6 675 2004<br />
1040 1360 2400 World 64 66 60 46 20 1850 2004<br />
2004 Base Scenario<br />
Annual Rate - Other<br />
M.East producing at capacity Heavy etc. 1.7 2.3 3 4 4 151 2021<br />
(anomalous reporting corrected) Deepwater 1.7 4.8 7 6 0 70 2014<br />
Regular Oil excludes oil from Polar 1.0 0.9 1 2 0 52 2030<br />
coal, shale, bitumen, heavy, Gas Liquid 6.3 8.0 9 10 8 275 2027<br />
deepwater, polar & gasfield NGL Rounding 0 2 2 2<br />
Revised 17/07/<strong>2005</strong><br />
ALL 74 82 80 70 35 2400 2007<br />
THE GROWING GAP<br />
Regular Oil<br />
Oil Price<br />
Gb/a<br />
60<br />
50<br />
40<br />
30<br />
20<br />
10<br />
Past Discovery<br />
Future Discovery<br />
Production<br />
Past discovery based<br />
on ExxonMobil (2002).<br />
Revisions backdated<br />
Brent Crude $/b<br />
70<br />
60<br />
50<br />
40<br />
30<br />
20<br />
10<br />
0<br />
1930 1950 1970 1990 2010 2030 2050<br />
0<br />
1996 1998 2000 2002 2004<br />
ASPO Newsletter 57, <strong>September</strong> <strong>2005</strong> page 2 of 12