As a result of the sale to AOC, Talisman Energy will hold a 60% stake in the YME oil field
, the company said in a statement.
Suppose this group controlled the Saudi oil fields
. They would have command of the world's largest oil reserves, and thus access to real liquidity and a base for global terrorist activities.
I think they are on decline in the biggest oil fields
in the world today, and I know what it's like once you turn the corner and start declining.
METI has been struggling ever since to obtain new "self development oil fields
." So far, however, the tally is not impressive.
''It is a geologically unique oil field
located where it should not be and produces petroleum of a unique nature,'' Taira, who initiated the research project, said.
As of 1983, approximately 3.6% (74 of 2088 ha) of the most intensively developed portion of the Prudhoe Bay Oil Field
had been influenced by thermokarst or other non-gravel surface disturbances associated with development (Walker et al., 1986).
Cusi said that for oil resources, the Alegria Oil Field
would have two wells 'ready to produce 180 barrels each every day, for a total of 360 barrels per day.'
The DOE said exploration and drilling activities on the oil field
by the service contractor started in 2009.
He added that the two officers directed the police and personnel of other law enforcement agencies to improve security arrangements inside and around the oil fields
to guard the Chinese engineers and labourers working on the projects.
Forouzan oil field
was discovered in 1970 with 2.3 billion barrels of reserves in place.
It is mentioned that Basra has a number of oil fields
, the most important one id West Qurna 1, West Qurna 2, Majnoon oil field
and Rumaila North and South oil fields
and most of them run by international investment companies within the oil licensing rounds .
He went on to note that since Azar oil field
is one of Iran's joint fields [shared with Iraq], the contractor needs to facilitate the project.