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5 sep rfc buenos aries presentation

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La presentación del subsecretario adjunto en la Oficina de Recursos Energéticos del Gobierno de Estados Unidos, Robert Cekuta, en la World Shale Oil & Gas Latin America Summit

La presentación del subsecretario adjunto en la Oficina de Recursos Energéticos del Gobierno de Estados Unidos, Robert Cekuta, en la World Shale Oil & Gas Latin America Summit

Published in: Business, Technology

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  • 1. A Game-Changer for Latin America? Defining the Region’s Shale Potential by Global Comparison World Shale Oil & Gas: Latin America Summit Buenos Aires, 5 September 2013 Robert F. Cekuta Principal Deputy Assistant Secretary Bureau of Energy Resources U.S. Department of State
  • 2. 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 Proved Reserves Unproved Shale TRR Unproved Conventional TRR North America South America Orinoco Oil Sands ROW Western Hemisphere O&G Resources: Abundant but complex Data source: EIA, Technically Recoverable Shale Oil and Shale Gas Resources, 2013 (Orinoco and oil sands figures from 2012 BP Statistical Review). Natural Gas Resources Oil Resources 0 1 2 3 4 5 6 7 8 9 10 Proved Reserves Unproved Shale TRR Unproved Conventional TRR Quadrillion cubic feet Billion Barrels
  • 3. 0 10 20 30 40 50 60 2000 2005 2010 2015 2020 2025 Indonesia Australia Pakistan India China South Africa Morocco Algeria Western Europe Ukraine Baltics Poland Southern Cone Venezuela/Colombia Mexico Canada US Trillion cubic feet Possible Shale Impact on Global Gas Market Key Assumptions • Recoverable resources one-quarter of EIA estimates • Environmental, regulatory, legal & policy measures in place • Production ramp up similar to U.S. Barnett shale play • Ultimate recovery per well & drilling rates similar to Barnett
  • 4. U.S., Argentina, and other countries in the Hemisphere among top holders of shale O&G Source: EIA, Technically Recoverable Shale Oil and Shale Gas Resources 0 10 20 30 40 50 60 70 80 0 200 400 600 800 1,000 1,200 Top 10 countries with technically recoverable shale gas resources (trillion cubic feet) Top 10 countries with technically recoverable shale oil resources (billion barrels)
  • 5. Drygasproductionbillioncubicmeters(bcm) ProjectionsHistory 2011 U.S. Natural Gas Supply by Source Nonassociated onshore Associated with oil Coalbed methane Nonassociated offshore Alaska Tight gas Shale gas 0 100 200 300 400 500 600 700 800 900 1000 1990 1995 2000 2005 2010 2015 2020 2025 2030 2035 2040 50% 34% 6% 6% 4% 22% 16% 9% 7% 7% 2% 25% 6% 5% Source: EIA, AE0 2013
  • 6. Projected U.S. Shale Gas Production, 2009-2035 0 4 8 12 2009 2014 2019 2024 2029 2034 Trillion cubic feet Production by well vintage
  • 7. -50 0 50 100 150 200 2000 2005 2010 2015 2020 2025 History 2005 Forecast 2013 Forecast Rising U.S. shale gas supplies transform U.S. import needs Sources: Energy Information Administration, Annual Energy Outlooks 2005 and 2013 7 Billion cubic meters per annum Evolution of U.S. Net LNG Imports: History and Forecasts 2012: 80 bcm 2025: 207 bcm Net Imports Net Exports In 2005, net U.S. LNG imports were expected to reach 83 bcm by 2012. Instead, they fell to 4 bcm. EIA now projects the U.S. will become a net LNG exporter.
  • 8. Sharing Best Practices Sustainable Unconventional Gas Development Fiscal Incentives Reducing Seismic Impact Community Engagement Overcoming Infrastructure Challenges Protecting Water Quality Water Supply Management