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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    500 billion barrels of oil reserves south

    lonelyintexas
    lonelyintexas
    Interacting Investor
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    Posts : 4285
    Join date : 2012-12-19
    Location : San Antonio

    500 billion barrels of oil reserves south Empty 500 billion barrels of oil reserves south

    Post by lonelyintexas Tue 24 Feb 2015, 4:08 pm

    [size=33]500 billion barrels of oil reserves south[/size]
    2/23/2015 0:00 
    BAGHDAD - Hussein Tgb 

    develop the oil industry represents an important focus to maximize the financial revenues of the country and providing the federal budget the necessary funds, which is supported by the ease of production of domestic oil fields. 

    oil expert Mustafa al-Maliki between in an interview for the "morning", that "the South Oil Company to pay attention significant for the development of the productive process, and in light of the recent report issued by the International Energy Agency, containing expectations and prospects for future energy it, according to Oil Ministry data spread proven reserves across 66 fields with total oil reserves in these fields exceed 500 billion barrels

    He pointed out that it means the average extraction coefficient of about 35 percent, and contains five fields above a giant in the south to 60 percent of the total proven reserves which each of the Rumaila, West Qurna, Zubair, crazy and river life. 

    The other major fields container reserves are in the east of Baghdad in the middle, and the field of Kirkuk in the north, and there are about two-thirds of total reserves in the fields now run international companies, to include those reserves most of the biggest fields transactions extract higher, and this is reasonable evidence of how easily the potential development of these fields. " 

    Maliki continued, saying: Perhaps the most important practical realities of the extractive, low cost of production per barrel in the industry oil of Iraq, especially in the most productive now the southern region, as characterized by fields above the giant being developed and work where now there is a huge exploration potential, and also simply geological situation compared with the giant fields or above a giant in other spots of the world, and the occurrence of all Iraqi fields in the land . 

    and on the fields around Basra between it situated mostly in uninhabited and flat relatively lands, reducing the wells, pipelines and other facilities costs. 
    Oil is characterized by product moderately do not need to be a specialist to develop, and can be pumped and circulated easily, since all the southern fields located in the places that are not difficult to access for coastal export facilities. 

    What makes a relatively short main pipelines, (but high export paths much longer). 

    This is the proximity of the port of export in terms of crude delivered to the market in the initial phase of the marketing of the advantages of oil and gas energy chain which is characterized by Iraq. 

    A report by the International Energy Agency dealt with production conditions and forecasts from several angles, Ka existing contracts and laws prevailing constraints and logistics state of the global market. 

    He said he could pick out the following text because of its importance requires contracts applicable occurrence of an unusual increase in oil production development plans Iraq over the coming years. 

    These could increase comes from fields that are managed under the given technical service contracts through the national licensing rounds. 
    It can also increase comes from fields operated by direct national oil companies and fields or potential areas within the scope of 
    the partnership contracts in production in the Kurdistan Region. 

    Based on a detailed search of the forty-six (46) of Iraqis, and found that - if all goes in all of them in accordance with the schedules envisaged Currently, the production capacity of the oil in Iraq can be up to 14.6 million barrels per day by 2020. 

    , an estimated five-fold energy production achieved as of mid-year 2012, which amounted to 3 million barrels per day.

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    Sounds good things are moving.
    Thanks
    LIT
    yes

      Current date/time is Thu 28 Mar 2024, 3:12 am