NORDIC BUSINESS REPORT-18 February 2009-Japanese AOC Holdings buys a 10% stake in Norwegian oil field
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But what Hubbert based his theory on was the observation that as an oil field
itself passed the 50 percent mark in terms of utilization of its reserves, it then began to decline.
This standard part of oil field
maintenance still carries a cost: Eventually the injected water seeps into the oil itself, and the stuff that makes it to the surface becomes increasingly contaminated.
It was Overseas Petroleum who actually purchased oil field
rights in the UAE in 1972.
A research group will survey an oil field
in Shizuoka Prefecture, central Japan around February next year to investigate the possibility that a bacteria strain may have created petroleum there, they said Tuesday.
Development of the Prudhoe Bay Oil Field
began in 1969, and the field came into production in 1977.
Cusi said the Alegria Oil Field
in Southern Cebu has the potential to power up a 60-megawatt (MW) gas plant.
A new gas and oil source will soon be tapped after the Department of Energy (DOE) declared the Alegria Oil Field
in Southern Cebu to have commercial quantities of natural gas and oil resources.
According to the spokesman, the DC Talat Mehmood Gondal and CPO Israr Ahmed Khan Abbasi paid visits to Dhoke Gujti oil field
in Chontra area and Ahdi oil field
within limits of police station Jatli and reviewed the security arrangements.
TEHRAN (FNA)- Deputy Head of the National Iranian Oil Company (NIOC) for Investment Ali Kardar on Sunday called a French company's proposal for purchasing associated petroleum gas (APG) of Forouzan oil field
flares and converting it into liquefied natural gas (LNG) as unreliable.
Background The Khurais oil field
is located adjacent to the Ghawar oil field
, one of the world's largest, in the Eastern province of Saudi Arabia.
TEG holds four oil leases covering 280 gross acres within the Tapia Canyon Oil Field
. Based on information provided by the seller, proved net recoverable reserves are estimated by Hawker to be 3.5m barrels of oil, Hawker said.