By Watt Commitee
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Extra info for Factors Determining Energy Costs and an Introduction to the Influence of Electronics: Watt Committee: report number 10
Permission to erect a third plant (Alsands, 140,000 b/d) is being negotiated by a consortium headed by Shell. This could be in production by the middle to late 1980s. A further similar size project is under discussion by Esso Resources Canada. Each of these projects is expected to cost 85±6 billion (Pet. Econ. Feb. 1980 pp 65±70). A large number of schemes are under way in Canada to investigate different aspects of in-situ technology, which overcomes to a large extent the environmental disadvantages of strip mining.
Equal to the total cumulative production to date. Even so, more than half the world's oil resources, excluding the tar sands and heavy oils, would still remain unproduced. Extending crude oil reserves by enhanced recovery is a technology that is capable of commercial realisation in advance of syncrude production from coal, although according to the Shell Briefing Service, it cannot be expected to give any significant production on a worldwide scale in the next 10±15 years. However, under the stress of rising world oil prices, these prospects could be improved.
From 1918, when statistics became more reliable, to 1954 the USA provided each year over 50% of the world's production of crude oil. 5% of the world's published proven reserves. The big shift has been towards the Middle East, which in 1979 had 56% of the reserves and 33% of the production, as illustrated in the following table. Table 3 World published proven oil reserves production Country/area Reserves (end 1979) Production (1979) 109 USA Canada Middle East Latin America Far East & Australasia Africa W.
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