About Oilfield

An oilfield is an area with a big potential of petroleum or crude oil below the ground. an area of oilfield usually extend over a big area, possibly around hundred kilometres across. There might be several wells scaterred in that oilfield area . An oilfield is equipped with oil rig / oil platform, support facilities such as transportation, employer housing,electricity and still many things.

There are more than 40,000 oilfields of all sizes in the world.However, 94% of known oil is concentrated in fewer than 1500 giant oilfield. We can say it is a giant oilfield area if it has potential with 500 million barrels of recoverable oil. And these all 1500 giant oilfields are believed contains 40 percent of the world's petroleum . They are scattered in 27 regions of the world, with the largest is in the Persian Gulf,the Burgan OilField in Kuwait and Zagheh Oli Field in Iran .

There are several oilfield companies specialize in providing specialized service to operate an oilfield. They build a large scale infrastructure such as drilling rig, pipelines to transport the oil elsewhere to do the exploration. Schlumberger Limited, Baker Hughes and Halliburton are oilfield company who provide this service.

In this century, oilfield become something attracting for every country in the worlds. Oil is still our main energy,people say "oil is black gold". The profit from oil industry is still promissing. No wonder, whereever the location of oilfield with proven oil reserves is there,there always come with geopolitical conflicts.