John Mitchell

Distinguished Fellow

John Mitchell is an associate research fellow at Chatham House and honorary fellow at the Centre for Energy, Petroleum and Mineral Law and Policy at the University of Dundee. In November 2007, he received a lifetime achievement award for research from Saudi Arabia’s King Abdullah at the opening of the 3rd OPEC Summit in Riyadh. He retired in 1993 from British Petroleum, where he held roles including: special adviser to the managing directors, co-ordinator for BP’s subsidiaries in the western hemisphere, and head of BP’s Policy Review Unit. In 1976–77, he was an academic visitor in the Department of Economics at the University of Cambridge. Mitchell is the author of numerous reports and briefing papers, including: ‘Structural Crisis in the Oil and Gas Industry’ (Energy Policy, January 2014), ‘Asia’s Oil Supply: Risks and Pragmatic Remedies’ (Chatham House, 2014), ‘US Energy: the New Reality’ (Chatham House, 2013), and ‘What Next for the Oil and Gas Industry’, with Valérie Marcel and Beth Mitchell (Chatham House, 2012). He has written three books: The New Economy of Oil (Earthscan/Chatham House, 2001); The New Geopolitics of Energy (Chatham House, 1996); and, as editor, Companies in a World of Conflict (Earthscan/Chatham House, 1998). He was a contributor to States and Markets in Hydrocarbon Sectors by Andrei Beyli (Palgrave Macmillan, 2015) and Oil Titans by Valérie Marcel (Brookings/Chatham House, 2006) and Oil and Gas Mismatches: finance, investment, and climate policy with Valerie Marcel and Beth Mitchell (Chatham house 2015).

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                    [post_content] => Estimates of future production combine information and assumptions about economics, feasible technology and geology. To use reserve estimates sensibly in planning, policy and analysis it is necessary to have some understanding of how they are generated and to have confidence in the integrity of the estimating process. Strict conditions are applied by enterprises reporting ‘proven’ reserves for financial purposes in the US, but these exclude information about firms’ potential other sources of production.
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                    [post_content] => The debate surrounding oil and gas reserves estimates has been addressed by two new briefing papers jointly issued by the Oxford Institute for Energy Studies and the Sustainable Development Programme at Chatham House.  The papers, Petroleum Reserves in Question by John Mitchell and Oil and Gas Reserves: Communication with the Financial Sector by Rob Arnott, argue that a consistent framework for generating oil and gas oil reserves should be implemented to allow for better estimation, increased accuracy and therefore improved production and income potential.
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Latest Publications by John Mitchell