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However, water has been found as deep as 12,000 metres (39,000 ft), [38] so water-based reactions are dependent upon the local conditions. Oil being created by this process in intracratonic regions is limited by the materials and temperature.
This list of oil fields includes some major oil fields of the past and present. Countries by proven oil reserves 2017. 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]
World oil production by average barrels per day between 2011 and 2022. Consumption in the twentieth and twenty-first centuries has been abundantly pushed by automobile sector growth. The 1985–2003 oil glut even fueled the sales of low fuel economy vehicles in OECD countries. The 2008 economic crisis seems to have had some impact on the sales ...
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 with dozens of wells. This is the Summerland Oil Field, near Santa Barbara, California, before 1906 Eagle Ford Shale flares visible from space (green and infrared wavelengths), in the arc between "1" and "2", amid cities in southeast Texas in 2012.
Today geochemistry serves the petroleum industry by helping seek out effective petroleum systems. The use of geochemistry is relatively cost-effective that allows geologists to assess reservoir-related issues. Once oil to source rock correlation is found, petroleum geologists will use this information to render a 3D model of the basin.
Petroleum, or evidence of its immediate occurrence, can be found on the surface of the Earth. Oil seeps can be found near a fault zone, where the movement of Earth's crust can expose petroleum source rock, and thus the crude oil itself. [15] They can also be found on the ocean floor, and can be found using satellite imaging. [16]
Perdido (Spanish for lost) is the deepest floating oil platform in the world at a water depth of about 2,450 meters (8,040 feet) operated by the Shell Oil Company in the Gulf of Mexico. [1] The platform is located in the Perdido fold belt which is a rich discovery of crude oil and natural gas.