1.
Bobbi Kristina's problems 'out of control'
LEXINGTON, Mass., Dec. 2 (UPI) -- If all things go according to production plans in Iraq, oil production there could outpace Saudi Arabia within roughly seven years, an analyst said.
Supermajors Royal Dutch Shell and Exxon Mobil said they could eventually produce around 2.8 million barrels of oil per day from the West Qurna-1 field in Iraq.
Sameul Ciszuk, a Middle East energy analyst at IHS Global Insight, was quoted by Emirati news agency The National as saying much of Iraq's quoted potential is based on technology used more than 30 years ago.
He said that with modern technology, both companies were able to determine there were more recoverable resources locked in Iraq than previously thought. The West-Qurna levels are 22 percent higher than earlier estimates, the report adds.
New revisions of estimated reserves in Iraq led the country's oil minister to say in October that there were around 143 billion barrels of oil in Iraq.
Ciszuk said if all developments go ahead as planned, Iraq could be producing 13 million bpd at some point after 2017, beating Saudi Arabia by 1 million bpd.
|
|
|
| Additional Energy Resources Stories | |
FORT LAUDERDALE, Fla., Feb. 22 (UPI) --
A radar that penetrates dense foliage to detect buried or camouflaged objects is being deployed by the U.S. military's Southern Command.
|
LONDON, Feb. 22 (UPI) --
The governments of Britain and France are moving forward with joint plans to acquire a range of unmanned aerial vehicles.
|
Pro Teck Valuation Services' February HomeValueForecast.com shows the majority of U.S. Core Based Statistical Areas (CBSAs) demonstrating more positive than negative market trends despite weak or soft status for top U.S. CSBAs. ...
|
The U.S. corporate tax code just became the biggest sidebar under jobs for the national election campaign.
|
| Stories | Photos | People | Comments |
View Caption
