The Western Hemisphere possesses 69 percent of the world's technically recoverable heavy oil and 82 percent of the technically recoverable natural bitumen. In contrast, the Eastern Hemisphere possesses about 85 percent of the world's light oil reserves. Heavy oil and natural bitumen are present worldwide. The largest extra-heavy oil accumulation is the Venezuelan Orinoco heavy-oil belt containing 90 percent of the world's extra-heavy oil when measured on an in-place basis. Eighty-one percent of the world's known recoverable bitumen is located in the Alberta, Canada accumulation. Together the two deposits contain about 3,600 billion barrels of oil in place.
Hydrate
Sag Seam Discipline Reservoir
SAG - SEAM Workflow
Corrosion Locations in Natural Gas Treating Systems
Decommission options for Obsolete Oil & Gas Structures
Coal
A black or brown rock that can be ignited or burned. When coal burns it produces energy as heat. This heat is mainly used to produce electricity. An increase in the use of coal could lead to a reduction in the need for non-renewable resources ; oil and gas. Coal has developed from the remains of plants that died 400million to 1million years ago. It is referred to as fossil fuel. Coal forming plants probably grew in swamps. No reliable estimates exist for the total amount of coal that lies beneath the earth's surface.
Oil and Gas Trinidad GDP
Oil and gas operations account for at least 40% of Trindad and Tobago's GDP.
Organic material deposited by the Orinoco Delta movement millions of years ago feeds the demand of the public.