Joint exploration and development: A self-salvation road to sustainable development of unconventional oil and gas resources

Abstract

Commercial production of unconventional oil and gas resources will not be easily achieved without large-scale engineering measures, let alone the additional operation cost, increasingly stricter requirement for safety and environment, fluctuating low oil and gas prices, etc., defeating the confidence of those investors. Therefore, unconventional measures are urgently needed to guide the exploration and exploitation of unconventional oil and gas resources. Thus, we put forward the concept of joint exploration and development by integrating research methodologies and operating techniques for a variety of oil and gas resources to simultaneously achieve analysis, construction, gathering and exploitation of multiple hydrocarbon sources. In this way, the annoying interference between the produced mixture of hydrocarbon flow resulting in the reduction of single-well flowrate will be possibly turned into a dynamic mutual force to enhance the well's flowrate. We also point out that the inevitability of joint exploration and development is determined by the occurrence conditions of oil and gas resources, its feasibility relies on the advancement of technologies, and its arduous and long-term nature is attributed to the current energy market and environment. In spite of various problems and difficulties, we believe that joint exploration and development will be a feasible option to achieve both cost reduction and production & benefit enhancement, boost investors' confidence, raise energy comprehensive utilization, and enhance energy supply efficiency. In conclusion, the advantages of joint exploration and development outweigh its disadvantages for both countries and enterprises.

Keywords

• Unconventional oil and gas resources
• Joint exploration and development
• Coalbed methane (CBM)
• Tight sandstone gas
• Shale gas
• Tight oil
• Economical efficiency
• Cost
• Benefit