According to media reports in Baghdad, Europe's No. 2 oil company British Petroleum (BP) and the Chinese oil giant China National Petroleum Corporation (CNPC), today in Baghdad with Iraq's state-owned Southern Oil Company (SOC) signed a technical services contract to expand is located in the vicinity of Basra in southern Iraq Rumaila field's oil output. British BP and China's CNPC is held in Iraq in June this year, the post-war development of the first round of bidding to get a contract Rumaila oil fields, and after 4 months of negotiations, the two sides finally signed on November 3 Rumaila oil fields in the development a final agreement.
By BP (owned 38% shares), China Petroleum (which holds 37% stake) and the Iraqi government on behalf of the Iraqi State Oil Marketing Organization (SOMO / has a 25% stake), an international consortium has agreed to Rumaila field's daily oil for more than two-fold increase in production to reach 3 million barrels of daily output of oil around that time, Iraq's Rumaila oil fields will become the world's first two large-scale production fields.
Nov. 5, 2009
BHP Billiton was an important oil discovery in the Gulf of Mexico
October 31, according to media reports, the world's largest mining company BHP Billiton, Australia October 30 spokesman said the company recently in the two existing wells in the Gulf of Mexico has gained significant oil discovery.
The spokesman said, the international consortium is held by Australia's BHP Billiton operator of the Shenzi field two existing wells - Shenzi-G104 wells and Shenzi-8 Well - were found in the thickness of 170 m and 30 m reservoir. According to the spokesman, this is two existing wells are ultra-deep, depth of more than 7800 meters.
In the Shenzi oil field, the Australian BHP Billiton has a 44% stake in Spain's Repsol, U.S. Hess Corporation each own 28% of the shares.
Nov. 2, 2009
The spokesman said, the international consortium is held by Australia's BHP Billiton operator of the Shenzi field two existing wells - Shenzi-G104 wells and Shenzi-8 Well - were found in the thickness of 170 m and 30 m reservoir. According to the spokesman, this is two existing wells are ultra-deep, depth of more than 7800 meters.
In the Shenzi oil field, the Australian BHP Billiton has a 44% stake in Spain's Repsol, U.S. Hess Corporation each own 28% of the shares.
Nov. 2, 2009
BP plans to invest 20 billion U.S. dollars to improve Rumaila oil field production
Buenos Aires, October 8, European's No. 2 oil company British Petroleum (BP) CEO Tony Hayward October 8, told reporters here, as the company seeks to improve Iraq's largest Rumaila field of production of crude oil production, BP is possible, together with our partners to invest 20 billion U.S. dollars this project.
BP's Hayward in October 8 with the Iraqi government and the Chinese state-owned oil giant China National Petroleum Corporation (PetroChina / CNPC) signed a preliminary contract made the remarks after. He said that BP may be located in the major oil investment in southern Iraq from 10 billion to 20 billion U.S. dollars.
Iraqi Oil Minister Hussain al-Shahristani said that because Iraq has been looking for a partner to develop its own oil fields, therefore, he hoped that Rumaila field's oil production in the next six years will triple.
Oct. 10, 2009
BP's Hayward in October 8 with the Iraqi government and the Chinese state-owned oil giant China National Petroleum Corporation (PetroChina / CNPC) signed a preliminary contract made the remarks after. He said that BP may be located in the major oil investment in southern Iraq from 10 billion to 20 billion U.S. dollars.
Iraqi Oil Minister Hussain al-Shahristani said that because Iraq has been looking for a partner to develop its own oil fields, therefore, he hoped that Rumaila field's oil production in the next six years will triple.
Oct. 10, 2009
China began the next phase of the Strategic Petroleum Reserve
According to Reuters news agency reports from Beijing, China September 24, local media reported that the second phase of the Strategic Petroleum Reserve as a part of China has recently begun to far away from the capital of the western region of Xinjiang Dushanzi the construction of 5.4 million cubic meters of oil cans. China attended the groundbreaking ceremony, local media quoted government officials as saying that the project will cost 2.65 billion (0.39 billion U.S. dollars) and plans to be completed by July 2011.
Last year, China completed by the end of the first phase of the strategic oil reserves, the Chinese government had said that China plans to relatively low prices when the oil reserves.
Sep. 27, 2009
Last year, China completed by the end of the first phase of the strategic oil reserves, the Chinese government had said that China plans to relatively low prices when the oil reserves.
Sep. 27, 2009
Total issued a warning the world will face a shortage of oil
September 21 in Paris, Europe, France's No. 3 largest oil company Total's CEO Christophe de Margerie told reporters today said that due to inadequate investment worldwide may face severe shortage of oil supply. As the economic crisis, many oil companies can only try to use fewer investments in the development of new oil reserves.
He said: "If we do not take measures, then the world will be 2 to 3 years to face a serious shortage of oil supplies." He also said he believes oil prices per barrel from the current level of about 70 U.S. dollars once again climbed to more than 100 U.S. dollars a barrel.
Sep. 22, 2009
He said: "If we do not take measures, then the world will be 2 to 3 years to face a serious shortage of oil supplies." He also said he believes oil prices per barrel from the current level of about 70 U.S. dollars once again climbed to more than 100 U.S. dollars a barrel.
Sep. 22, 2009
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