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CNOOC has installed the largest and heaviest offshore platform at a field in the Bohai Sea, the company said today, boasting the facility was 22.8 The platform was installed at the Kenli field, at a depth of some 20 meters, which has provenreserves of some 100 million tons of crudeoil.
Who’s to say it won’t happen again in the face of these new predictions of peak oil? The Permian basin has become one of the most productive oilfields in the world, Fig. In fact, if the Lone Star State were its own country, we would be the world’s third-largest producer of natural gas and fourth-largest producer of oil.
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