Trouble in the worlds largest oil field
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There are four oil
fields in the world which produce over one million barrels per day.
Ghawar, which produces 4.5 million barrels per day, Cantarell in Mexico,
which produces nearly 2 million barrels per day, Burgan in Kuwait which produces
1.7 million barrels per day and Da Qing in China which produces 1 million barrels
per day. Ghawar is, therefore, extremely important to the world's economy
and well being. Today the world produces 82.5 million barrels per day
which means that Ghawar produces 5.5 percent of the world's daily production.
Should it decline, there would be major problems. As Ghawar goes, so goes
Saudi Arabia.
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Wednesday 28 February, 2007 03:22 PM |