Largest Oilrig in the world and Where's the Oil?
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Largest Oilrig in the world and Where's the Oil?
- 1. Where’s the Oil? Exploring the Top Five Oil Producing Countries.
- 3. Venezuelan Oil Leads with 297 Billion Barrels of oil reserves Founding Member of OPEC (Organization of the Petroleum Exporting Communities) Been drilling for almost a century ≈50% Government revenue comes from oil
- 4. Saudi Arabia Top of the Class in the Middle East
- 5. About Saudi Oil Rich history– about 265 billion barrels of oil reserves’ worth Used to be one of the poorest countries Oil was discovered in 1938 Changed the economic direction of the country.
- 6. At first, American owned Aramco developed the oil fields Oil revenue advanced Saudi Economy Society, Economy, and Infrastructure rapidly advanced By 1976 it was the worlds leading oil producer Gained control of Aramco in 1980. Now one of the world’s richest countries!
- 7. Canada King of the North
- 8. O(il) Canada! 173 billion barrels 95% are located in Alberta Reserves are special because they occur in oil sands
- 9. Wait– Oil What? Quick Geology Lesson: Oil Sands are relatively rare Unusual occurrence of petroleum In Alberta, there is an unusually high number of such sands Oil sands are a mix of sand, clay, water, and bitumen Bitumen = viscous petroleum
- 10. Bitumen is so viscous that it must be heated to flow Peoples of the First Nations actually coated their canoes in bitumen to water proof them And that’s been going on since prehistoric times
- 12. What Happened? 154 billion barrels Persian oil first discovered in 1908 Britain seized control Offered Persia £4 for every ton of oil produced Forbade them from controlling Exports
- 13. Began to change in 50’s Persia nationalized the oil industry Canceled all international oil agreements during the Iranian Revolution Iran now manufactures many tools used in the oil drilling industry Now capable of deep-sea drilling
- 14. Iraq Recovering from War
- 15. Lots of Guesswork Iraq is sitting on about 141 billion barrels of oil Domestic unrest has impacted data collection Our estimates are based on 30 year old data Struggling to meet export demands War has left a lot of oil drilling infrastructure in disrepair But there are believed to be more oil in unexplored territories!
- 16. Thanks for Watching! Learn more at maritimedrillingschool.net