Barrel IT Oil In Place 
Oil & Gas 360º
MAY 28, 2025
Guyanas Stabroek block has an estimated 11 billion barrels of oil in place discovered so far by the consortium of ExxonMobil, U.S. The high-volume, low-cost development offshore the South American country, which started production just five years ago, is already pumping more than 660,000 barrels per day (bpd) of crude.
Oil Review Middle East
JULY 20, 2025
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.
Oil Gas Leads
MARCH 31, 2025
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. In fact, the industry typically recovers only 5% to 10% of the oil in place from shale reservoirs. As the company moves forward with its $59.5
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