Discipline: Management and Information
Shale
Plays: How Technology, Governments, Regulators, Academia, and the Public Have
Changed the World’s Energy Supply and Demand Equation
Abstract:
The
global shale revolution is just beginning. Production from US shale
reservoirs has increased from 2.5 Bcf/d to over 25 Bcf/d since 2007, illustrating
the viability of this prolific new source of long-term gas supply.
Other
countries will undoubtedly use the knowledge developed in North America to
jump-start their own shale plays. Although technical advancements are
largely responsible for unlocking the potential of shale gas, the industry’s
coordination with a broad set of stakeholders arguably have equal, and perhaps
more influence on implementation of new shale developments. As such, they will increasingly impact our
industry’s ability to more fully develop these resources.
This
presentation focuses on key technological advancements that drive shale gas
development, but also the important aspect of how our industry is working with
governments, regulators, academia, and the public more collaboratively to best
maximize the immense benefits from this opportunity, while fostering the use of
best practices.