Economic Critical Resources for the Industrial Exploitation of Natural Gas Hydrate
Author:
Affiliation:

Clc Number:

Fund Project:

The authors would like to acknowledge the financial support provided by the Guangdong Major Project of Basic and Applied Basic Research (Grant No. 2020B0301030003), supported by the Department of Science and Technology of Guangdong Province, as well as project (DD20221703), supported by the China Geological Survey. The authors also wish to thank the editors and reviewers of this manuscript for their elaborate work.

  • Article
  • |
  • Figures
  • |
  • Metrics
  • |
  • Reference
  • |
  • Related
  • |
  • Cited by
  • |
  • Materials
  • |
  • Comments
    Abstract:

    Since the implementation of several pilot production tests were in natural gas hydrate (NGH) reservoirs in terrestrial and marine settings, the study of NGH has entered a new stage of technological development for industrial exploitation. Prior to the industrial exploitation of any given NGH reservoir, the economic feasibility should be examined. The first step of economic evaluation of a NGH reservoir is to know whether its resource amount meets the requirement for industrial exploitation. Unfortunately, few relevant studies have been conducted in this regard. In this study, the net present value (NPV) method is employed to estimate the economic critical resources required for the industrial exploitation of NGHs under different production scenarios. Sensitivity analysis is also performed in order to specify the effects of key factors, such as the number of production wells, gas price, technological improvement and tax incentive, on the economic critical resources. The results indicate that China requires the lowest economic critical resource for a NGH reservoir to be industrially exploited, ranging from 3.62 to 24.02 billion m3 methane. Changes in gas price and tax incentives also play significant roles in affecting the threshold and timeline for the industrial exploitation of NGH.

    Reference
    Related
    Cited by
Get Citation

CHEN Xuejun, LU Hailong, ZHANG Jiecheng, YE Jianliang, XIE Wenwei.2022. Economic Critical Resources for the Industrial Exploitation of Natural Gas Hydrate[J]. Acta Geologica Sinica(),96(2):663-673

Copy
Share
Article Metrics
  • Abstract:
  • PDF:
  • HTML:
  • Cited by:
History
  • Received:January 10,2022
  • Revised:February 23,2022
  • Adopted:
  • Online: April 25,2022
  • Published: