A. Monitoring of Exploration Programme for Nomination Blocks (i) DGH will review and monitor the progress and performance of National Oil companies (NOCs) to the extent that optimal exploratory inputs are being provided in each of petroleum Exploration License area in accordance with generally accepted international petroleum industry practices. (ii) DGH in consultations with NOCs will decide (more…)

A team of U.S. Geological Survey geologists has recently completed a new assessment of undiscovered oil and gas resources in northeastern Greenland. Following a press release in Washington, the results of the study were delivered on September 6 to scientists attending the Arctic Conference Days 2007 in Tromsø, Norway (www. geologi.no). The USGS is working on a comprehensive assessment (more…)

What is the Board proposing? This exposure draft (ED) proposes accounting standards for federal oil and gas resources.1 The proposed standards would result in the recognition of an asset and a liability. The asset is referred to in this ED as “estimated petroleum royalties.” The asset’s value would be the royalty share of the federal oil and gas resources classified as “proved reserves.”2 The liability (more…)

IntroductionYukon Flats is a region of low, forested hills and fl atlands with numerous streams and lakes, situated generally to the east of the Trans-Alaska Pipeline System in east-central Alaska. U.S. Geological Survey (USGS) scientists recently fi nished their fi rst detailed assessment of the undiscov-ered oil and gas potential of the Yukon Flats region. Previously, the regions potential had been assessed only (more…)

INTRODUCTION A cooperative relationship among countries of Northeast Asia has long been weak due to economic differences and an unfortunate history. Despite these challenges, it is necessary for these countries to cooperate in order to achieve a balanced development of the national economic, environmental, and social spheres in each country. The most important area of mutual (more…)

SUMMARY New Mexico has produced 5.2 billion bbls of crude oil and 56 trillion cubic ft3 of natural gas since production of these resources began in the 1920’s. During 2002, 67 million bbls oil and 1.6 trillion ft3 gas were produced in New Mexico. Available estimates of undiscovered resources indicate a minimum of 1.48 billion bbls oil and between 68 and 89 trillion ft3 gas remain to be produced in the state. That is (more…)

Introduction This report summarizes the results of the Minerals Management Service (MMS) 2006 assessment of the technically recoverable oil and gas resources for the U.S. Outer Continental Shelf (OCS) (see figure 1). The OCS comprises the portion of the submerged seabed whose mineral estate is subject to Federal jurisdiction. The 2006 assessment represents a comprehensive appraisal that (more…)

Introduction From being on the brink of bankruptcy in 1998, Russia has made a remarkable economic comeback, largely driven by high oil and gas prices. Oil and especially gas is to an overwhelming extent produced in the northern parts of Russia and the potential for further development of the industry is also to be found in the North, both onshore and offshore. While the tension manifested in Russian (more…)

Preface This work is part of the Energy Information Administration’s (EIA’s) Foreign Energy Supply Assessment Program (FESAP). Before publication of this report and its Advance Summary (December 1993), EIA had not prepared a FESAP oil and gas report for any part of the former Soviet Union. Oil and Gas Resources of the Fergana Basin (Uzbekistan, Tadzhikistan, and Kyrgyzstan) represents a trial (more…)

Abstract The U.S. Geological Survey (USGS) completed an assessment of the undiscovered oil and gas resources in conventional and continuous accumulations of the Williston Basin Province of North Dakota, eastern Montana, and northwestern South Dakota. The assessment is based on geologic elements and associated processes that define a total petroleum system (TPS), including (1) stratigraphic (more…)