Over 90% of current oil and gas production comes from around 40 traditional ‘super basins.’
Across the preceding decades, production came from these traditional super basins – giant fields and established infrastructure which guaranteed the lowest costs for supply.
Now the world’s demand for lower emissions is forcing change on this legacy industry. Some basins are fit for the future and some are not. Low cost and low carbon resources must become the future of oil and gas. Some traditional super basins will evolve into what we’ll call the Energy Super Basins of the future, and some will be left behind.
For the upstream industry to become more sustainable, it must focus on resources co-located with both plentiful clean electricity and CCS potential. These are the Energy Super Basins of the future. The remaining traditional basins are disadvantaged and face being left behind.
On the podcast: host Liz Dennett is joined by Andrew Latham, Vice President of Energy Research, to explore how traditional super basins can and must transition to new ‘energy super basins’; a mix of plentiful renewable electricity, established oil and gas resources and Hub-scale CCS.
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