AAPG FOUNDATION PRATT CONFERENCE:
PETROLEUM PROVINCES, 21st CENTURY
January 12-15, 2000
San Diego, California
MICHEL T. HALBOUTY, Michel
T. Halbouty Energy Co., Houston, TX
Abstract: Exploration into the New
Millennium
There has been a scourge of prognosticators
who contend the world is running out of oil and sunset is upon the petroleum
industry. The author refutes the negativism that prevails amongst the purveyors
of doom and indicates that exploration for hydrocarbons will continue well
into the 21st Century and possibly beyond. There are many parts of the
world that have not yet been explored by seismic or any other device and
it is in those areas where new reserves of oil and gas will be found. The
author stresses that as long as there is a potential for oil and gas any
place in the world, the hunt will go on and on to discover and produce.
The post-petroleum era will begin when the cost of finding oil and gas
is absolutely prohibitive.
©Copyright 1999. The American Association of
Petroleum Geologists. All Rights Reserved
