Oil Field

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Dictionary Says

Definition of 'Oil Field'

A tract of land used for extracting petroleum, or crude oil, from the ground. Although the exact origin of oil is still contested, most consider petroleum a "fossil" fuel, created from dead organic material often found in ancient seabeds thousands of meters below the surface of the earth. There are more than 40,000 oil fields around the world, many of the largest of which are found in the Middle East.
Investopedia Says

Investopedia explains 'Oil Field'

While tens of thousands of oil fields have been discovered, less than than 10% of them have had a significant impact on worldwide crude oil supply. Ghawar Field in Saudi Arabia, which started production in 1951, is by far the largest oil field uncovered so far, having yielded about 60 billion barrels of "black gold" through 2005.
Search results for

'Oil Field'

  • Iraq Oil Field Development Underway

    http://stocks.investopedia.com/stock-analysis/2010/Iraq-Oil-Field-Development-Underway-XOM-RDS.A-E-OXY-CEO0622.aspx
    ... Article; Comments (0). Iraq Oil Field Development Underway.
    Posted: Jun 22, 2010 09:49 AM by Eric Fox. ...

  • Exxon Mobil Rejuvenates Mature Oil Field

    http://stocks.investopedia.com/stock-analysis/2010/Exxon-Mobil-Rejuvenates-Mature-Oil-Field-XOM0125.aspx
    ... Exxon Mobil Rejuvenates Mature Oil Field. ... The Hawkins Field was discovered in 1940
    and has pumped out hundreds of millions of barrels of oil since then. ...

  • Iraqi Oil Production Update

    http://stocks.investopedia.com/stock-analysis/2011/Iraqi-Oil-Production-Update-E-OXY-RDS.A-RDS.B-BP0920.aspx
    ... Zubair Oil Field In 2010, Eni (NYSE:E) was awarded the right to develop
    the Zubair Oil Field in southern Iraq. The company is the ...

  • Oil Companies Making Moves In Iraq

    http://stocks.investopedia.com/stock-analysis/2010/Oil-Companies-Making-Moves-In-Iraq--XOM-BP-RDS-E-OXY0118.aspx
    ... initially. BP, Inc. (NYSE:BP) and the China National Petroleum Corp. were
    awarded the development rights to the Rumaila oil field. ...

  • Peak Oil: What To Do When The Wells Run Dry

    http://www.investopedia.com/articles/07/peak-oil.asp
    ... investors. Whether it's oil, oil field services, or alternative energy,
    investors can cash in on this phenomenon. But be careful. ...

  • Play Iraqi Oil Development With Oil Service Companies

    http://stocks.investopedia.com/stock-analysis/2010/Play-Iraqi-Oil-Development-With-Oil-Service-Companies-SLB-HAL-WFT0119.aspx
    Iraqi oil field development over the next decade will generate billions in revenue
    for oil service companies, no matter which oil and gas companies are awarded ...

  • Alaska Suffering From Cutbacks

    http://stocks.investopedia.com/stock-analysis/2009/Alaska-Suffering-From-Cutbacks-BP-COP-XTO-PXD1201.aspx
    ... Pioneer Natural Resources (NYSE:PXD) is actively developing its properties in Alaska
    at the Oooguruk oil field, located approximately five miles offshore. ...

  • Mature Oil Fields Still Going

    http://stocks.investopedia.com/stock-analysis/2009/Monday-Dec-7-Mature-Oil-Fields-Still-Going--ARD-EGN1207.aspx
    ... oil enthusiasts might never come true, as the exploration and production industry
    has started to rejuvenate this mature 70-year-oil field over the past decade. ...

  • Mexico Gets Aggressive On Oil And Gas

    http://stocks.investopedia.com/stock-analysis/2010/Mexico-Gets-Aggressive-On-Oil-And-Gas-HAL-WFT-SLB-KEG0723.aspx
    ... The Cantarell oil field, located in the Gulf of Campeche, is the world's
    poster child for peak oil. This field's oil production ...

  • Will Iraq Save The World From Peak Oil?

    http://stocks.investopedia.com/stock-analysis/2009/Will-Iraq-Save-The-World-From-Peak-Oil--XOM-BP-OXY-E-RDS.B1202.aspx
    ... In early November 2009, Exxon-Mobil (NYSE:XOM) and Royal Dutch Shell
    (NYSE:RDS.B) signed an agreement to develop the West Qurna oil field. ...

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