Middle East Economic Survey

VOL. LIII

No 23

7-Jun-2010

Middle East Poised For Multi-Billion Barrel Heavy Oil Expansion

State oil firms and international oil companies (IOCs) throughout the Middle East are accelerating plans to develop challenging heavy oil reservoirs, amounting to a potential 970bn barrels of oil in place, attendees heard at the Heavy Oil World MENA 2010 conference in Bahrain on 31 May-1 June. Projects vary enormously in terms of geological complexity, crude oil gravity and...