As was repeated day after day at the DUG Permian Basin oil conference in Fort Worth this week, the Permian is the oilfield that keeps on giving.
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Concho's core operating areas are located in the Permian Basin region of Southeast New Mexico and West Texas, an onshore oil and natural gas basin in the United States.
In Odessa, however, a city in the oil-reliant Permian Basin, it was 10.7%.
These discoveries, as well as the billions of barrels of oil in the Williston Basin of the Dakotas and Montana, have made energy executives optimistic about the possibilities.
In August 2005, Sudan is expected to begin exporting oil from the Melut Basin as a result of cooperative work with Petrodar, a consortium of companies dominated by China's state-run Sinopec.
The Qaidam basin in Qinghai has quantities of natural gas, and the Tarim basin holds both oil and gas.
Back in 2008 oil companies in the Permian Basin were using 80, 000 tons a day of carbon dioxide, virtually all of it coming from naturally occuring underground reservoirs.
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In November 2004, China's Funsho Kupolokum announced a joint agreement with Nigerian National Petroleum Corporation (NNPC) to develop two oil blocks in the Chad Basin and construct a pipeline and refinery.
It would most likely sell the gas to oil companies in the Permian Basin, where for three decades CO 2 has been injected into old oilfields to push out an additional 15% of crude.
Kyl provided a valuable strategic overview of the vast oil reserves of the Caspian Basin -- and the urgent need for increased attention to the subject on the part of both American policy-makers and the public at large.
For its part, the United States is likely to import much more oil from Russia and the Caspian Basin in the years ahead.
Another 10% of the income must be deposited in an international bank for the benefit of future generations, while a further 5% will be used to benefit the local population of the Doba basin, where the oil is drilled.
Ershaghi says the Los Angeles Basin is one of the richest oil regions in the world.
LUKoil and Gazprom are increasingly replacing American oil companies in the exploitation of the Orinoco Basin.
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Prof Kemp said that could include development of "heavy oil" deposits in the east of Shetland basin.
Chevron won the bidding rights to drill for oil in the Frade field in the Campos Basin and contracted Transocean for drilling purposes.
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China, too, is eager to get in, with state controlled CNPC vying to purchase Canadian minnow Verenex, which has found 2 billion barrels of oil and gas in Libya's Ghadames basin.
Mr. Meyer acknowledges the oil industry's current love affair with the Permian Basin could wane, as it has several times in the past.
The Permian Basin needs more CO2 to coax out stubborn oil.
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Chevron miscalculated its drilling of its Frade field last November, an oil well just under the ocean floor in the Santos Basin in Brazil, about 70 kilometers off coastal Rio de Janeiro.
And on Thursday, Petrobras announced that it is ready to start commercializing oil and gas its digging up in two fields in the Campos Basin in the Atlantic.
Chevron was partnering with Brazilian oil company Petrobras to drill for hydrocarbons at the Frade Field in the Santos Basin in the Atlantic when the Nov. spill occurred.
China has won negotiating rights to exploit two of the largest oilfields in the Caspian Basin, a region some analysts believe conceals as many as 178 billion barrels of oil, making it second only to the Gulf.
The rig has been hired to the British "Desire Petroleum" company, which will drill in the North Falkland basin and then lease it on to two other British companies, Rockhopper and Falklands Oil and Gas, and to the Australian BHP Biliton.
It specializes in exploiting unconventional oil and shale natural gas plays within the Bakken and Three Forks formations, situated within the Williston Basin in North Dakota and Montana region.
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The amount of reserves in the pre-salt (Santos Basin, Atlantic Ocean) are impressive, but the matter is when and how these new oil prospects will materialize.
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