Article

2009-09-03 Economy

BP announces `giant' oil find in Gulf of Mexico

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Posted by Fred 2009-09-03 00:00|| || Front Page|| [1 views ] Top

#1 To put this announcement in perspective, the largest oil field in the world is Ghawar in Saudi Arabia. It was discovered in '48 and started producing in '51. Total production from then until 2005 was 60 billion barrels. It produces over 5 million barrels / day, about 6.25% of world production. It also produces about 2 billion cu. ft. of natural gas/day. Total US production of crude per day is about equal to Ghawar's. The US consumes 19.5 million barrels /day.

Posted by Anguper Hupomosing9418 2009-09-03 01:13|| 2009-09-03 01:13|| Front Page Top

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