Abu Dhabi, June 2 news, the Kuwait Oil Company (KOC) Chairman Sami Al-Rusheid 6 on 2 in here, the world's reserves in the ground for about 30% of oil reserves (equivalent to 3500 billion barrels) can be through the use of existing technology as well as some of the methods being developed to be pumped out.
Rusheid held in the Abu Dhabi National Oil Company Conference of global made these remarks. He said: "We need to find to replace depleted reserves of the approach, however, the challenges we are facing a higher risk."
Rusheid said that the successful application of three-dimensional seismic technology, better technology and enhanced oil recovery drilling technology, oil recovery may be increased to 30-35% or more. There is no exploitation of the oil out is "the money buried in the ground", is currently buried in the ground floor of approximately 3,500 billion barrels of oil are recoverable reserves.
About more than two thirds of the world's oil reserves owned by the OPEC members, most of which focused on countries in the Middle East, and in these countries, the oil industry by the state oil company control.
Source: www.in-en.com Jun. 4, 2009
