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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.
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.
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.
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.
Petroleum [a] is a naturally occurring yellowish-black liquid mixture. It consists mainly of hydrocarbons, [1] and is found in geological formations.The term petroleum refers both to naturally occurring unprocessed crude oil, as well as to petroleum products that consist of refined crude oil.
When oil and gas are burned they release carbon dioxide into the air. Fossil fuels, such as oil, are responsible for 89% of the CO2 emissions. [10] Carbon emissions cause climate change which negatively impacts people's safety by raising sea levels and worsening weather. Oil can also cause oil spills, which pollutes the ocean. [10]
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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]