• Focus Area Future of Global Oil Markets Future of Global Oil Markets
  • Type Commentary
  • Date 18 January 2021
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Abstract

Shale oil or light tight oil (LTO) is a sweet, less viscous crude oil, with an average API gravity range of 35º API to 55º API, and a sulfur content as low as <0.2%. After the Global Financial Crisis in 2008, the vast reserves of LTO in the geological formations such as the Permian, Eagle Ford and Bakken became more economical to produce, mainly due to technological innovation and easy access to low-cost financing.

 

 

Authors

Malik Selemankhel

Malik Selemankhel

Former Senior Research Associate Malik was a senior research associate in the Markets and Industrial Development team focused on downstream refining and petrochemicals value… Malik was a senior research associate in the Markets and Industrial Development team focused on downstream refining and petrochemicals value chains. He is a licensed professional engineer in Canada (APEGA) and Saudi Arabia (SCE) with over 10 years of engineering and oil business experience, both office and field based. Malik has experience in the upstream, midstream and downstream sectors of North America’s oil and gas industry. He has a keen interest in integrated hydrocarbon value chain optimization to help oil and gas companies maximize profits. Malik’s research interests include the optimization of integrated value chains driven by regional and international regulations on fuels and emissions, and economic growth, among other factors. In Canada, Malik developed the concept of using data analytics tools, such as machine learning, to improve plant availability during shutdowns.

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