1.
Teen solves centuries-old math problem
LONDON, Nov. 27 (UPI) -- Kazakhstan's Kashagan field will produce 25 percent more oil than expected, the Financial Times reported Monday.
The newspaper reported that peak production at the field, due at the end of the next decade, is expected to be 1.5 million barrels per day, 25 percent more than previous estimates. Italy's ENI, the field's operator, is expected to pump1.5 million bpd for more than 10 years, the newspaper said. In other words, Kashagan will yield 10 percent more reserves than assumed.
The field was expected to start production in 2005, but there have been setbacks and ENI is expected to announce more delays, the newspaper said, adding production was not likely to start before 2009.
The price tag for the field is expected to be in the mid-$30 billion range.
|
|
|
|
|
|
| Additional Energy Resources Stories | |
LONDON, May 25 (UPI) --
The British government unveiled a draft energy bill this week critics say will raise prices and favors new gas-fired power plants over renewable sources.
|
MCLEAN, Va., May 25 (UPI) --
Linguistic, operational, translation and management services in support of the U.S. National Media Exploitation Center are to be provided by SAIC.
|
First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
|
It is a whole new ball of wax in Europe these days.
|
| Stories | Photos | People | Comments |
View Caption
