Petroleum

Peak Oil - the maximum global oil production, which has been or will be achieved. Theoretically, peak oil has been predicted American geophysicist King Hubbert, who created the model of the known reserves and assumed in 1956, in an article *, presented...

For a long time, the United States leads the world in production of oil. The U.S. share of world oil production is 11.5% (2005). However, in recent years, its production decreases. In 1970, it produced 480 million tons, in 1980 - 425 million, in 199...

Drilling - the process of breaking up rocks with the help of special equipment - drilling equipment. There are three types of drilling:
vertical drilling
Directional drilling

Oil reserves in the world are judged differently, but is considered to be stocks that can be extracted with the current level of engineering and technology.
National classification
At present, Russia has a system of classification of reserves and resources of oil, gas, condensate, and they contain components that have a commercial value, established by Order of Russian Ministry of February 7, 2001 № 126. According to the degree...