Host: Moray House Trust
Date: Thursday 3rd August 2017
1: A Primer on Oil
In this introductory clip, Dr Adams touches on the basics of oil exploration, development and production and hints at some of the complexities and uncertainties inherent in the process. He also makes the point that the size of our reserves have to be balanced against the economics of recovering them in the future.
You Tube Clip: https://youtu.be/y1JW2vVNPWE
2: The Economics
“Big Oil is not as big as it used to be.” Dr Adams talks about the changing dynamics of oil supply and how shale oil and renewables will affect the price of oil. He also discusses the terms of Guyana’s Production Sharing Agreement (PSA) with ExxonMobil.
You Tube Clip: https://youtu.be/dKXhFPETlZ0
Further clips will be posted shortly.