Map showing distribution of mineral resources (excepting oil and gas) in the Philip Smith Mountains Quadrangle, Alaska

1985 ◽  
2011 ◽  
Vol 396-398 ◽  
pp. 115-118
Author(s):  
Xin Gong Tang ◽  
Xing Bing Xie ◽  
Liang Jun Yan

Complex resistivity (CR) is one of an electromagnetic method which plays an important role in the exploration of oil and gas, underground water as well as solid mineral resources in recent years. Nowadays China is under fast developing and there is still a big gap between the supply and demand of mineral resources. As an effective controlled source electromagnetic method, CR method can be easily used to judge the content of resources, determine the target reservoir and select a favorable drilling area. In this paper, an introduction to CR method and its application in copper mine exploration in west China is present. The result shows that CR is an effective electromagnetic method in the exploration of deep mineral resources.


2003 ◽  
Vol 43 (1) ◽  
pp. 117 ◽  
Author(s):  
C.J. Boreham ◽  
J.E. Blevin ◽  
A.P. Radlinski ◽  
K.R. Trigg

Only a few published geochemical studies have demonstrated that coals have sourced significant volumes of oil, while none have clearly implicated coals in the Australian context. As part of a broader collaborative project with Mineral Resources Tasmania on the petroleum prospectivity of the Bass Basin, this geochemical study has yielded strong evidence that Paleocene–Eocene coals have sourced the oil and gas in the Yolla, Pelican and Cormorant accumulations in the Bass Basin.Potential oil-prone source rocks in the Bass Basin have Hydrogen Indices (HIs) greater than 300 mg HC/g TOC. The coals within the Early–Middle Eocene succession commonly have HIs up to 500 mg HC/g TOC, and are associated with disseminated organic matter in claystones that are more gas-prone with HIs generally less than 300 mg HC/g TOC. Maturity of the coals is sufficient for oil and gas generation, with vitrinite reflectance (VR) up to 1.8 % at the base of Pelican–5. Igneous intrusions, mainly within Paleocene, Oligocene and Miocene sediments, produced locally elevated maturity levels with VR up to 5%.The key events in the process of petroleum generation and migration from the effective coaly source rocks in the Bass Basin are:the onset of oil generation at a VR of 0.65% (e.g. 2,450 m in Pelican–5);the onset of oil expulsion (primary migration) at a VR of 0.75% (e.g. 2,700–3,200 m in the Bass Basin; 2,850 m in Pelican–5);the main oil window between VR of 0.75 and 0.95% (e.g. 2,850–3,300 m in Pelican–5); and;the main gas window at VR >1.2% (e.g. >3,650 m in Pelican–5).Oils in the Bass Basin form a single oil population, although biodegradation of the Cormorant oil has resulted in its statistical placement in a separate oil family from that of the Pelican and Yolla crudes. Oil-to-source correlations show that the Paleocene–Early Eocene coals are effective source rocks in the Bass Basin, in contrast to previous work, which favoured disseminated organic matter in claystone as the sole potential source kerogen. This result represents the first demonstrated case of significant oil from coal in the Australian context. Natural gases at White Ibis–1 and Yolla–2 are associated with the liquid hydrocarbons in their respective fields, although the former gas is generated from a more mature source rock.The application of the methodologies used in this study to other Australian sedimentary basins where commercial oil is thought to be sourced from coaly kerogens (e.g. Bowen, Cooper and Gippsland basins) may further implicate coal as an effective source rock for oil.


2021 ◽  
Vol 69 (1) ◽  
pp. 12
Author(s):  
Elnur T. Mekhdiev ◽  
Igbal A. Guliev ◽  
Yulia V. Solovova

Today Australia is one of the main mineral resources exporters in Asia. Besides, the country possesses huge reserves of shale oil and gas. The estimation of these resources extraction potential without any harm to country’s ecology and society is one of the key aims of this article. The authors research an export and import dynamic of hydrocarbon by Australia with the aim to identify an economic effect from the beginning of shale oil extraction in 2011. Besides, according to expert community’s opinion, there is the emission dynamic of carbon dioxide, which is one of the key factors, determining the environment pollution after the beginning of shale oil extraction in Australia. The major challenge of the article is to estimate the difficulty in real correlation between the ecology and the financial benefits for the economy, as these two factors are loosely connected and the index of additional harm to wildlife and people cannot be directly calculated in financial losses. The major contribution of the article is the development and comparison of the two scenarios of oil extraction and exports with or without frocking bans in Australia. The authors come to the conclusion that positive effects from shale oil and gas extraction for country’s economy do not surpass negative effects for ecology; thus, the authors suggest to use the shale oil reserves only as the strategic resource for economic recovery after crises and at the present moment it should be to realize the shale oil extraction in test mode.


Author(s):  
Natalia Pashkevich ◽  
Tatyana Tarabarinova

Evaluation of the objects in the mineral resources sector depend on type of the legislative framework for the different stages of exploration process. The article covers to problems of legal and evaluation to objects of subsoil usage according to different stages of geological exploration in International Financial Reporting Standard 6 «Exploration for and Evaluation of Mineral Resources», Russian Financial Standard 24/2011 « Cost accounting of the mineral resources deployment», US GAAP and other normative documents. The results present the possibility of capitalizing mineral reserves as assets in mining oil and gas companies.


Author(s):  
T. A. Tarabarinova ◽  
◽  
E. I. Golovina ◽  

The paper presents issues of evaluation objects of subsoil usage and reflecting information of mineral assets for oil and gas companies. Estimation of the objects in the mineral resources sector is regulated by IFRS 6 «Exploration for and Evaluation of Mineral Resources», Russian Financial Standard, US GAAP and other normative documents. The authors` idea is to capitalize costs connected with the stages of geological exploration process, what is considered as an innovative component. Concepts of natural and environmental capital are overviewed. Different classifications of reserves and mineral resources of various categories of oil and gas are analyzed. The results of the study show that capitalizing reserves as mineral assets in oil and gas companies is possible and economically profitable.


Author(s):  
Robert Albrecht ◽  
Rhys-Sheffer Birthwright ◽  
John Calame ◽  
Justin Cloutier ◽  
Michael Gragg

Abstract The Papua New Guinea Liquefied Natural Gas (PNG LNG) project is a joint venture with participation by ExxonMobil, Oil Search Limited (OSL), Kumul Petroleum, Santos, JX Nippon Oil and Gas Exploration and Mineral Resources Development Company, and began production in 2014. As described in a previous IPC paper, the project, operated by ExxonMobil PNG Limited (EMPNG) sustained a M7.5 earthquake and approximately 300 aftershocks in 2018, epicentered directly under key facilities. Around 150 km of high-pressure gas and condensate pipelines in the rugged PNG highlands were affected but did not lose containment or pressure. Immediately following the M7.5 event, EMPNG began efforts to assess and inspect the pipelines in order to ensure public safety, and, at the appropriate time, restore LNG production. The technical efforts took place along the pipeline Right of Way (ROW) in a remote jungle environment, which, following the earthquake, was also a disaster zone in which the few available resources were prioritized towards humanitarian relief. Due to resource constraints, the pipeline field inspection team typically numbered only two or three specialists. The inspection team drew heavily on analysis work, ongoing since project startup in 2014 and in progress when the earthquake occurred, that simulated the condition of the ROW and pipe stress state following earthquake events similar in magnitude to what actually occurred. The body of existing analysis work allowed the field team to compare aerially observed ROW ground movements to previously modeled cases, and rapidly infer pipe stress state without actually measuring pipe deformation on the ground. Due to resource constraints, that latter activity, if required before startup, would have significantly delayed project restart. The worldwide network of technical resources that had been assisting with ongoing simulations was quickly re-directed to analyzing actual observed ground deformations, efficiently supporting the small field team from outside the disaster zone. After restart, field inspection activities continued, observations were categorized, and an Earthquake Recovery (EQR) organization was initiated to execute ROW repairs. Just as the initial inspection work was aided by pre-earthquake analyses, EQR activities have been expedited by the extensive ROW maintenance program that had been ongoing prior to the earthquake. This paper and accompanying oral presentation present details of the inspection and recovery, and show that the extensive simulations, preparations and maintenance programs supported by EMPNG during project operations prior to the earthquake enabled a rapid and efficient response when the earthquake actually occurred, and thus provided enormous value to the business.


2021 ◽  
Vol 8 (2) ◽  
pp. 20
Author(s):  
Michael Asiedu ◽  
Ebenezer Nana Yeboah ◽  
David Owusu Boakye

In this study, we employed the pooled mean group (PMG) regression to examine the effect of natural resources economic rent (coal rent, gas rent, oil rent, forest rent, minerals rent) and foreign direct investment (FDI) on economic growth in West Africa for the period 1996 to 2017. We found strong evidence of a positive relationship between FDI, total natural resources (TNR), total natural gas (TNG), and economic growth in the long-run. However, the study recorded a negative relationship between mineral resources rent, oil rent and gas rent, and economic growth in the long run. The rent from coal also exhibited neutrality on economic growth. While all the short-run coefficients are not statistically significant, the error correction term (ECT) is significant and a negative value of -0.889, signifying cointegration at a 1% significance level. This also implies that the short-run estimates converge towards the long-run estimates to achieve equilibrium at the speed of 89% per annum. Our findings highlight the significance of FDI and total rent from natural resources in stimulating West African economies' growth in the industrialization drive and general welfare. In contrast, this study also highlights the need for policy direction to redesign and realign ownership in the oil and gas sector from multinational co-operations (MNCs) to the locals and the domestic economy to benefit directly from the prevailing environment.


Author(s):  
AKKAS AHAMED ◽  
NUR HOSSAIN ◽  
MOHAMMED AMINUR RAHAMAN

Geopolitically South Asia is very important for China’s vision of regional connectivity, trade and development cooperation. In terms of Sino-South Asian geopolitical and economic relations, it might be said that the Bay of Bengal is very important, because it is connected with Andaman Sea, Malacca Straits, which has direct link with South Asia and South East Asia. Both China and India are very interested in the Bay of Bengal for mineral resources which has an easy link with Bangladesh, Myanmar and Indian Ocean. Through the Bay of Bengal, China wants direct regional connectivity between China and Indian Ocean through either South East Bangladesh (Cox’s Bazar) or Rakhine state of Myanmar for the expansion of its trade and development cooperation. This study has dealt with the importance of South Asia in light of the China’s geopolitical desire, trade and investment, oil and gas, development cooperation and regional connectivity in South Asia including Bangladesh. It is a qualitative study in nature, which is based on primary and secondary data. Many geopolitical issues of China, South Asia and Bangladesh have been discussed in this study. The finding is that the relationship Between China and South Asia in light of the China’s vision of trade and investment, economic corridor, and development cooperation is, of course, pivotal for both regions.


Jurnal Hukum ◽  
1970 ◽  
Vol 25 (1) ◽  
pp. 516
Author(s):  
Munsharif Abdul Chalim

Continental shelf is a relatively new concept in international law of the sea. Full authority and exclusive rights over natural resources located in the continental shelf region and its ownership is on the coastal state, where the meaning of this natural wealth is a source of minerals and other lifeless on the seabed and subsoil. Through the establishment of the United Nations Convention on the Law of the Sea 1982, as well as enactment of the provisions of the New Law of the Sea, Indonesia is an archipelagic state which is seen as a unified whole between the islands and waters. We realized the sea was rich in minerals mining goods that is priceless natural resources, which is expected to be able to fulfill the needs of the world if mineral resources on land are not sufficient or run out completely. In Indonesia, mostly consisting of ocean territory, surely have the very wide continental shelf, where there is a variety of natural resources, especially oil and gas resources. Hence it needs regulation for the natural resources utilization in the region.Keywords :  Continental Shelf, Natural Resources, Seabed and Subsoil.


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