Point of View: IFP chief says industry's key challenges are fossil-energy supply, climate change

The leader of an international petroleum-industry research group believes technology will raise the amount of oil ultimately produced to three or four times currently estimated levels of reserves.Olivier Appert, chairman and CEO of Institut Français du Pétrole, Rueil-Malmaison, France, expects growth in conventional reserves to come from a combination of increased rates of recovery from reserves now on production, from discoveries and extensions, and from improved recovery from the deposits yet to be found.Recovery improvements from nonconventional resources, such as extra-heavy oils and tar sands, will yield further supply.IFP, which operates as both a research center and indus...

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