EIA increases global shale oil and natural gas estimates

By Kasia Patel
Published: Tuesday, 15 December 2015

Having added resources from Chad, Kazakhstan, Oman and the UAE to its analysis, the EIA has increased its global oil and gas estimates. A number of factors need to be addressed before commercial production takes off, including oil and gas market prices, operating costs and other resources.

The US Energy Information Administration (EIA) expanded its assessment of technically recoverable shale oil and natural gas resources around the world, increasing its estimate for oil by 13% and gas by 4%.

The addition of four new countries to the EIA’s analysis – Chad, Kazakhstan, Oman and UAE – brings...

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