Monday 20 February 2023

The world is not going to run out of oil or gas anytime soon. Total discovered and prospective oil and gas resources are more than double likely demand to 2050. The upstream industry is able to prioritise advantaged barrels to produce lower-cost, lower-carbon options. Meanwhile, much of the world's vast stock of disadvantaged resources can happily stay in the ground. Over two-thirds of commercial undeveloped resource is at risk of never being developed.

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