• iraq oil almanac an openoil reference guide in Nepal
  • iraq oil almanac an openoil reference guide in Nepal
  • iraq oil almanac an openoil reference guide in Nepal
  • iraq oil almanac an openoil reference guide in Nepal
  • Is natural gas a major resource in Iraq?
  • Natural gas is also a significant resource in Iraq; ranking eighth (195 trillion cubic feet, TCF, or 32.5 billion barrels of oil equivalent, BBOE) among the Organization of Oil Exporting Countries (OPEC) in terms of reserves (USGS, 2000).
  • Does Iraq have a natural gas endowment?
  • Because the estimated oil endowment in Iraq is almost five times larger than the natural gas endowment, this paper will focus on Iraq’s oil resources. The recoverable reserves (summation of proved reserves and cumulative production) in giant and super-giant fields in the Middle East are shown in Table 1.
  • Does Iraq have a potential for oil & gas?
  • Iraq has undiscovered potential from three Total Petroleum Systems (Paleozoic, Jurassic, and Cretaceous-Tertiary) with statistical distribution for oil from 14.2 (F 95) to 84.0 (F 5) BBO, with a mean of 45.1 BBO; and for gas from 36.8 (F 95) to 227.0 (F 5) TCFG, with a mean of 120.0 TCFG (Ahlbrandt et al., 2000).
  • How much oil does Iraq have?
  • Iraq’s petroleum resources are estimated to be 184 billion barrels, which include oil and natural gas reserves, and undiscovered resources. With its proved (or remaining) reserves of 113 billion barrels of oil (BBO) as of January 2003, Iraq ranks second to Saudi Arabia with 259 BBO in the Middle East.
  • Where are Iraq's Petroleum Resources located?
  • The majority of Iraq’s petroleum resources are located in the Zagros-Mesopotamian Cretaceous-Tertiary Total Petroleum System (TPS) (USGS, 2000). These systems are oil prone with lesser amounts of natural gas, as demonstrated by reserve, resource and geologic data.
  • Which oil companies manage the upstream sector in Iraq?
  • The two oil companies of Iraq – South Oil Company and North Oil Company, manage the upstream sector. They plan to restore the production capacity of the northern area to about 0.93 MMBOD, and boost the capacity of the southern area from 1.5 to more than 1.9 MMBOD.