1.
Cross-country drive on 2 gallons of gas
NEW DELHI, Nov. 28 (UPI) -- India says its reserve replacement ratio has been more than one over the past five years.
"In the last five years, reserve replacement ratio in India was more than one, which means oil companies in the country have accreted more reserves than their oil and gas production," Petroleum and Natural Gas Minister Murli Deora said in a statement Wednesday.
He said the balance recoverable reserve position in 2002-03 was about 1.485 billion metric tons of oil and oil equivalent of gas, which has increased to 1.843 bmtoe in 2006-07, up 24 percent.
"The government has planned to improve the recovery factor from existing major fields by implementing enhanced oil recovery and improved oil recovery schemes," he said. "It has also plans to develop newly discovered fields speedily and stepping up the use of new technologies for seismic surveys, work over, stimulation operations, drilling of wells etc., in producing areas."
|
|
|
|
|
|
| Additional Energy Resources Stories | |
HAVANA, May 25 (UPI) --
Cuba is reportedly sitting on vast underwater oil and gas reserves, but none came up in the latest exploration, a joint Chinese-Spanish undertaking.
|
LONDON, May 25 (UPI) --
Military pilot training and training aircraft were in the news this week, with European companies reaping more than $3 billion in contracts.
|
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. ...
|
The photos are familiar, but the captions are not, as economic tension skips across the continent of Europe.
|
| Stories | Photos | People | Comments |
View Caption
