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Top 5 Frac Trends Reshaping Oil & Gas in 2025

Oil Gas Leads

Recovery Rate Revolution: ExxonMobil’s Ambition Despite the industry typically recovering only 5-10% of oil in place , ExxonMobil is targeting double the recovery rate.

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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. The Problem: Low Recovery Rates in Shale Fracking has revolutionized U.S. That leaves a tremendous amount of hydrocarbons untapped. shale for years to come.

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Oil Review Middle East - Untitled Article

Oil Review Middle East

The field is operated by North Oil Company, a joint venture between QatarEnergy (70%) and TotalEnergies (30%). The company says its strong relationship with NOC, going back to 2017, was a key factor in retaining the contract, along with its record of past performance, knowledge of NOCs assets and availability of resource within the country.

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