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OGJ Newsletter

04/23/2007
General Interest - Quick TakesIraq study sees output hike, confirms reservesIraq could double oil production capacity to 4 million b/d in 5 years with little effort, according to a 12-month study of its reservoirs by IHS Inc., London.The study, to be published in May as an Iraq Atlas, confirmed longstanding conventional wisdom that Iraq has 116 billion bbl of proved and probable oil reserves and 100 tcf of gas reserves. Basin studies indicated that another 100 billion bbl of oil and a large volume of gas can be recovered from the country’s hardly explored western desert.The study group assessed 435 undrilled prospects and noncommercial discoveries and 81 producing fields and commerc...
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