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Assessing oil resources in the Middle East and North Africa

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  • Roberto F. Aguilera

Abstract

Some energy experts are concerned that the world will soon face a global crisis to dwindling oil resources and a peak in production. This paper analyses the concern by estimating a cumulative supply curve for conventional oil in the Middle East and North Africa (MENA) region. It does so by attaching production costs to the endowment volumes of oil in the region, including volumes from provinces not previously assessed. A Variable Shape Distribution model is used to estimate the volumes of the previously unassessed provinces. Copyright 2009 The Author. Journal compilation 2009 Organization of the Petroleum Exporting Countries.

Suggested Citation

  • Roberto F. Aguilera, 2009. "Assessing oil resources in the Middle East and North Africa," OPEC Energy Review, Organization of the Petroleum Exporting Countries, vol. 33(1), pages 47-69, March.
    • Handle: RePEc:bla:opecrv:v:33:y:2009:i:1:p:47-69
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    as
    1. Roberto F. Aguilera & Roderick G. Eggert & Gustavo Lagos C.C. & John E. Tilton, 2009. "Depletion and the Future Availability of Petroleum Resources," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 141-174.
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    Cited by:

    1. Lacher, Wolfram & Kumetat, Dennis, 2011. "The security of energy infrastructure and supply in North Africa: Hydrocarbons and renewable energies in comparative perspective," Energy Policy, Elsevier, vol. 39(8), pages 4466-4478, August.

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