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Oil Review Middle East - Untitled Article

Oil Review Middle East

The Majnoon Oil Field is a super-giant oil field located 60 km from Basra in southern Iraq. It is one of the richest oil fields in the world with an estimated 38 billion barrels of oil in place. Iraq’s state-run Basra Oil Company operates the field with support from China’s Anton Oil and KBR.

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ExxonMobil CEO Darren Woods on Doubling Recovery Rates and the Future of Fracking

Oil Gas Leads

oil and gas production, but its far from perfect. In fact, the industry typically recovers only 5% to 10% of the oil in place from shale reservoirs. Technology is the Differentiator ExxonMobil is placing a major strategic emphasis on R&D and data-driven solutions in shale development. shale for years to come.