What is unconventional oil and how does it impact oil resources evaluation and ultimately oil prices?
by Abdallah Harouaka
International Journal of Services and Standards (IJSS), Vol. 9, No. 2/3/4, 2014

Abstract: Unconventional oil resources have become a real game changer over the last few years. As a result, the overall oil industry here in the USA and elsewhere has been completely rejuvenated. This paper presents a coherent definition of unconventional oil resources and their relation to conventional oil. Unconventional oil production costs are much higher than the corresponding costs for similar grade conventional oil. However, this difference in production costs is not reflected in the price of oil, which is unsustainable. Standards for linking unconventional oil resources to oil prices are discussed in this paper, and outlined the rational distinction between conventional and unconventional oil.

Online publication date: Fri, 06-Feb-2015

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Services and Standards (IJSS):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com