IHS: World's tight oil resources hold large potential

09/30/2013
The world has large potential technical recoverable resources of tight oil possibly several times those of North America, according to a recent geological study by global analytics firm IHS. Commercial production of these resources could equal and exceed current estimates for North America tight oil output, according to the study, which was released Sept. 17 at the IHS Forum in Houston. The study, "Going Global: Predicting the Next Tight Oil Revolution," confirms widespread geological potential of worldwide tight oil. In particular, the study identifies the 23 highest-potential plays throughout the world and found that the potential technically recoverable resources of just thos...
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