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The list is incomplete; there are more than 25,000 oil and gas fields of all sizes in the world. [1] However, 94 % of known oil is concentrated in fewer than 1,500 giant and major fields. [ 2 ] Most of the world's largest oilfields are located in the Middle East , but there are also supergiant (>10 billion bbls ) oilfields in Brazil, Mexico ...
Some statistics on this page are disputed and controversial—different sources (OPEC, CIA World Factbook, oil companies) give different figures. Some of the differences reflect different types of oil included. Different estimates may or may not include oil shale, mined oil sands or natural gas liquids.
An oil field is an area of accumulated liquid petroleum underground in multiple (potentially linked) reservoirs, trapped as it rises to impermeable rock formations. In industrial terms, an oil field implies that there is an economic benefit worthy of commercial attention.
Top producing oil fields in the United States, 2019* being updated Rank Field State Discovery Year Million Bbl/Day 1 Permian: Texas/New Mexico 1920 4.2 2 Eagle Ford Shale: Texas 2008 1.34 3 Bakken: North Dakota/Montana 1951 1.33 4 Prudhoe Bay Oil Field: Alaska 1967 .791 5 Wattenberg Gas Field: Colorado 1970 .473 6 Shenzi Federal Gulf of Mexico ...
Indian Oil Corporation Limited India: Oil and Natural Gas Corporation: Oil India: Bharat Petroleum: Hindustan Petroleum: Nayara Energy: Reliance Industries: Cairn India: GAIL: Gujarat State Petroleum Corporation: MedcoEnergi Indonesia: Pertamina: National Iranian Oil Company Iran: North Oil Company Iraq: South Oil Company: Missan Oil Company ...
The oil and gas industry is usually divided into three major sectors: upstream (also called exploration and production or E&P), midstream and downstream. [1] [2] The upstream sector includes searching for potential underground or underwater crude oil and natural gas fields, drilling exploratory wells, and subsequently operating the wells that recover and bring the crude oil or raw natural gas ...
In 1937, Pure Oil and its partner Superior Oil used a fixed platform to develop a field 1 mile (1.6 km) offshore of Calcasieu Parish, Louisiana in 14 feet (4.3 m) of water. In 1938, Humble Oil built a mile-long wooden trestle with railway tracks into the sea at McFadden Beach on the Gulf of Mexico, placing a derrick at its end – this was ...
An oil refinery or petroleum refinery is an industrial process plant where petroleum (crude oil) is transformed and refined into products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, liquefied petroleum gas and petroleum naphtha.