In this study, we report on the current state of the international market for crude oil. The market data we analyzed indicate that competition has intensified as a result of the now firmly-established shale oil extraction industry in the U.S. Model-based simulations also show that supply-side...

Drilling thin oil layers regarding the high expenditures is always considered as the debate issue in petroleum industries to invest. Oil rim reservoirs are one kind unconventional reservoirs which are occupied with a strong aquifer and a big gas cap that provided complex conditions for producing...