Press Esc to close

WorldOil

CONTENT PREVIEW

For full content view: Log in Now!

  • What's new in exploration


    Arthur Berman, Contributing Editor

    Nansen Saleri recently published an opinion piece in the Wall Street Journal called “The World Has Plenty of Oil” in which he disputed Matt Simmons and the “neo-peak-oil club’s” assertion that the world is running out of oil. Saleri believes that the peak oil argument is based on the outdated assumption that oil recovery will not exceed more than 30-35% as a global average. Horizontal drilling and modern extraction techniques are, according to Saleri, producing a sea change in recovery growth that may extend the onset of peak oil production until the middle of this century or longer. Saudi Aramco has shown that recoveries of 60-70% are entirely possible through Maximum Reservoir Contact (MRC) drilling in several of its fields, including Haradh, Shaybah and Abqaiq. MRC wells use horizontal, multi-lateral completions to maximize reservoir connectivity and drainage with as much as 7.5 mi of reservoir contact in each well.

This area of the site is restricted. In order to gain access, please either Log In, or subscribe to World Oil.

Two options are available to you for creating an account.

1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.

Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.

Free Trial


2. Purchase a subscription to World Oil magazine and gain immediate and complete access to World Oil Online. As a Total Access subscriber you will have access to all areas of the site available to registered users and free subscribers as well as having access to such premium content areas as:

  • The Archives section containing over ten years of complete magazine archives,
  • The WO DataHub's engineering tables and directories,
  • The World Oil annual forecasts, including past predictions,
  • Select World Oil technical handbooks,
  • And much, much more!

Subscribe


Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.


If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.

WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

ENERGY EVENTS

Upcoming Events