Resources to Reserves 2013

ResourcestoReserves2013: Oil, Gas and Coal Technologies for the Energy Markets of the Future

Executive Summary

• Key Findings: The availability of oil and gas resources is sufficient to sustain likely growth for the foreseeable future. However, the development and production of these resources will become increasingly technically challenging.
• Context: Amid a boom in shale gas and oil development in North America, the book explores the cutting-edge technologies needed to find, produce, and bring these reserves to the market.
• Challenges: The book investigates whether oil and gas resources can be produced at a reasonable cost and in a timely manner while protecting environmentally sensitive areas.

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Setting the Scene

• Global Energy Demand:

  • Current Usage: Around 45% more oil, gas, and coal is used today compared to 20 years ago.
  • Primary Energy Supply: Over 80% of the world's primary energy supply comes from fossil fuels.
  • Future Projections: IEA projections show that growth in energy demand will continue to be met overwhelmingly by fossil fuels.

• Concerns:

  • Climate Change: Despite growing concerns about climate change, the energy system will still require significant use of fossil fuels for decades.
  • Heavy Industry and Transportation: These sectors are heavily dependent on fossil fuels.
  • Coal Power: Coal-fired power generation is increasing.

• Resource Abundance:

  • Hydrocarbon Resources: The world has sufficient hydrocarbon resources to fuel the transition to a sustainable energy future.
  • Technology Development: Technological advancements can unlock new resources from unconventional sources, deepwater locations, or countries where geopolitical factors restrict investment.

• Environmental Considerations:

  • Environmental Responsibility: Environmental responsibility has become an integral part of project planning.
  • Social License to Operate: Terms like "social license to operate" are becoming more common.

• Technological Innovations:

  • Upstream Industries: The report reviews current and future technology trends in the upstream oil, gas, and coal industries.
  • Technological Innovations: It provides an overview of technological innovations on the horizon.

• Fossil Fuel Emissions:

  • CO2 Emissions: Fossil fuels are a major source of CO2 emissions.
  • Reduction Efforts: The international community has announced its intention to reduce these emissions, and positive movement has been seen in upstream extractive industries.

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Contributions and Acknowledgments

• Preparation: Prepared by the International Energy Agency (IEA) Energy Technology Policy Division under the leadership of Didier Houssin and Jean-François Gagné.
• Authors and Analysts: Comprises many current and former colleagues at the IEA, including Kamel Bennaceur, Michael Cohen, John Corben, Anselm Eisentraut, Carlos Fernández Alvarez, Capella Festa, David Fyfe, Steve Heinen, Antonio Pflüger, Wolf Heidug, Uwe Remme, and Andreas Ulbig.
• External Contributions: Significant contributions came from Willem Schulte, Maggi Rademacher, and Sandro Schmidt, among others.
• Acknowledgements: Special thanks to Jostein Dahl Karlsen, Rebecca Gaghen, and Muriel Custodio for their support in bringing the manuscript to publication.

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Table of Contents

• Executive Summary: Page 17
• Chapter 1: Setting the Scene: Page 25
  • Global Energy Demand
  • Implications for Future Energy Markets

This summary highlights the key points and data presented in the report, focusing on the technical challenges and opportunities in the oil, gas, and coal industries.