Energy Technologies

Produzione e trasformazione di energia primaria



Status Title Autors Info
Status Title Autors Info
5 Coal Gasification Andrea Lanzini, Elena Rozzi, Claudia Bassano
5 Production of Liquid Biofuels Andrea Lanzini, Marco Marchese, Elena Rozzi, Giacobbe Braccio, Vito Pignatelli
5 Production of Liquid Fuels from Coal and Gas Claudia Bassano, Andrea Lanzini, Elena Rozzi
5 Oil and Gas Production from Conventional Reserves Alessandro Giocoli
5 Oil and Gas Production from non-Conventional Reserves Emanuele Fanelli
5 Biomass Production and Logistics Vincenzo Motola, Nicola Pierro, Elena Rozzi, Andrea Lanzini
5 Biogas Production and Use Marta Gandiglio, Massimo Santarelli, Elena De Luca
5 Oil Refinery Vittoria Fatta
5 Transportation and Logistics of Hydrocarbons Alessandro Giocoli
5a Hydrogen Production and Logistics Stephen McPhail, Massimiliano della Pietra 2018 archive

   Oil and Gas Production from Conventional Reserves


Autors:   Alessandro Giocoli


Production and Transformation of Primary Energy
Oil and natural gas still make a major contribution to meeting the global demand for primary energy. In 2020, oil contributed 31% and natural gas 25%. In Italy too, the two sources contributed 74% overall in 2020 to covering the national primary energy requirement (143.5 Mtoe). National production satisfied about 6% of the demand for natural gas (58.3 Mtoe) and 12% of the demand for oil (47.6 Mtoe). National oil reserves in 2020 ranked 4th in Europe (also considering the United Kingdom) and 46th in the world, while natural gas reserves occupied 8th place in Europe and 62nd in the world. The recovery factors (compared to the potential of the fields) are still relatively low (30-50% for oil, 70-80% for natural gas). The ratio between reserves and national production at 31 December 2020 was equal to 15 years for oil and 10 years for natural gas. In addition to the reserves, further identifiable-quantifiable hydrocarbon resources in the Italian subsoil are estimated only following new and specific exploration activities. The almost total absence of new hydrocarbon exploration-research activities in recent years, in addition to compromising the replacement of the progressively consumed reserves, does not allow for an improvement in knowledge of the Italian oil potential. Since the beginning of 2020, the COVID-19 pandemic has also strongly affected the price of oil and natural gas. In fact, at the beginning of the pandemic, prices rapidly plummeted to USD 20.4 per barrel of oil (West Texas Intermediate - WTI - barrel price in April 2020) and USD 2.03/MBTU of natural gas (lowest Henry Hub price of the last decades). Prices then rose rapidly to around USD 75.2 per barrel of WTI (December 2021) and USD 3.89/MBTU (average price of Henry Hub natural gas in 2021)
28-07-2022




Click to see the full list of technologies

Ultime Notizie