Arctic Holds Over 113 Bboe, Report Says

Monday, March 21, 2011

Infield Systems has published a new report on prospects for the offshore Arctic oil and gas sector through 2017. Infield has identified over 130 Bboe in discovered oil, gas, and condensate reserves throughout the offshore Arctic/sub-arctic regions. Around 114 Bboe, or 86% of the total, are gas reserves, with around 16 Bbbl of oil, according to the report.

(Source: Offshore Magazine)

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