Saturday, June 24, 2006 11:17:44 PM
Safaniyah is the world largest offshore oil field....your opinion is pretty bold....some 19 billion proven.
Safaniyah: By far the largest offshore field in the world, Safaniyah was found in 1951 by Texaco (which in 1937 was the first to join SoCal - now Chevron - in Saudi Arabia as a 50% partner in Aramco). Texaco discovered and developed other offshore fields containing heavy oil. Safaniyah has about 19 bn barrels of proven oil reserves recoverable at relatively low cost. But the oil is heavy, 27 deg. API with 2.93-2.96% sulphur
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