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Many countries rely upon the production of unconventional reserves of oil and gas as their major source of revenue, which allow development of infrastructure, and other essential services. However, the current low prices of oil and gas presents producers of unconventional reserves with particular problems which are more acutely felt than producers of conventional reserves. Analyze the above statement by: A. selecting a producer country with a high potential of unconventional hydrocarbons' reserves, and reviewing the current position in terms of production. B. Analysing the exploration methods used by international oil companies and host governments to search for unconventional hydrocarbons and their suitability in terms of challenge and risk in light of the current price of crude oil. C. Discussing possible future trends as to how the unconventional oil and gas industry itself might respond to the current market for petroleum. Note The Oxford Referencing System



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