Very excited 2nite as US reopen economy to boost demand of oil price n diggest inventories. 2molo Tue open morning will bring up m as ny sectors like traveling, f&b, cruel oil, plantation, technologies....... As klci potentially hit 50 basis siaring during opening which our nation sees mco removed by 10th June replaced by recovery movement control!
Cheers, scomies who's time is coming the most undervalued gem among O&G related stocks !
Oil reserves in Kuwait make up 8% of the oil reserves in the world. Kuwait is OPEC's third largest oil producer and claims to hold approximately 104 billion barrels (16.5×109 m3). This includes half of the 5 billion barrels (790×106 m3) in the Saudi-Kuwaiti neutral zone, which Kuwait shares with Saudi Arabia. Most of Kuwait's oil reserves are located in the 70 billion barrels (11×109 m3) Burgan field, the second largest conventional oil field in the world, which has been producing oil since 1938. Since most of Kuwait's major oil fields are over 60 years old, maintaining production rates is becoming a problem.[citation needed]
During Operation Desert Storm when the Iraqi Armed Forces were retreating from Kuwait, Saddam Hussein ordered a team of engineers to enact a scorched earth policy and set fire to hundreds of oil fields which caused over one billion barrels of oil to go up in flames over the next seven months. At their height, the fires consumed more than four million barrels of oil per day.[1]
Most of Kuwait's oil reserves are located in the 70 billion barrels (11×109 m3) Burgan field, the second largest conventional oil field in the world, which has been producing oil since 1938. Since most of Kuwait's major oil fields are over 60 years old, maintaining production rates is becoming a problem.
MAINTAINING PRODUCTION NEEDS SCOMIES DRILLING MUD NOW!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Mikecyc
46,054 posts
Posted by Mikecyc > 2020-06-07 05:30 |
Post removed.Why?