Search results
Results From The WOW.Com Content Network
Schlumberger. Schlumberger NV ( French: [ʃlumbɛʁʒe, ʃlœ̃b-] ), doing business as SLB, also known as Schlumberger Limited, [2] is an American oilfield services company. [3] [4] As of 2022, it is both the world's largest offshore drilling company and the world's largest offshore drilling contractor by revenue.
Kuwait Petroleum Corporation ( Arabic: مؤسسة البترول الكويتية; KPC) is Kuwait 's major national oil company, headquartered in Al Kuwait. [1] The activities of Kuwait Petroleum Corporation are focused on petroleum exploration, production, petrochemicals, refining, marketing, and transportation. KPC produces about 7% of the ...
The Kuwait Oil Company Limited was established in 1934, through an alliance between the Anglo-Persian Oil Company and the American Gulf Oil Company, [6] and is currently a subsidiary of the Kuwait Petroleum Corporation (KPC). The oil concession rights were awarded to the company on 23 December 1934, and it started its drilling operations in 1936.
The petroleum industry in Kuwait is the largest industry in the country, accounting nearly half of the country's GDP. Kuwait has proven crude oil reserves of 104 billion barrels (15 km 3 ), [1] estimated to be 9% of the world's reserves. Kuwait's oil reserves are the sixth largest in the world and the Burgan Field is the second largest oil field.
The subsurface reservoirs of the Burgan oil field were discovered in February, 1938. The US and UK-owned Kuwait Oil Company began commercial oil production at Burgan in 1946. The Greater Burgan, a wider area around Burgan, is the world largest sandstone oil field with the total surface area of about 1000 km 2.
Schlumberger's net income was $907 million, or 63 cents a share, for the quarter ended Sept. 30, compared with $550 million, or 39 cents per share, a year ago. Schlumberger's 3Q profit tops ...
The thin red circular contour line in the middle of the map indicates the top of the oil reservoir. Because gas floats above oil, the thin red contour line marks the gas/oil contact zone. Directional drilling would be used to target the gas and oil reservoir. Directional drilling (or slant drilling) is the practice of drilling non-vertical bores.
The Rumaila oil field is a super-giant oil field located in southern Iraq, approximately 50km to the south west of Basra City. Discovered in 1953 by the Basrah Petroleum Company (BPC), an associate company of the Iraq Petroleum Company (IPC), the field is estimated to contain 17 billion barrels, which accounts for 12% of Iraq's oil reserves, estimated at 143 billion barrels.