Because an oil field may be remote from civilization, establishing a field is often an extremely complicated exercise in logistics. For instance, workers have to work there for months or years and require housing. In turn, housing and equipment require electricity and water. Pipelines in cold areas may need to be heated. Excess natural gas needs to be burned off if there is no way to make use of it, requiring a furnace and stacks, and pipes to carry it from well to furnace.
Thus, the typical oil field resembles a small self-contained city in the midst of a landscape dotted with drilling rigs and/or the pump jacks known as "nodding donkeys" because of their bobbing arm. Several companies, such as BJ Services, Bechtel, Esso, Schlumberger Limited, Baker Hughes and Halliburton, have organizations that specialize in the large-scale construction of the infrastructure and providing specialized services required to operate a field profitably.
More than 40,000 oil fields are scattered around the globe, on land and offshore. The largest are the Ghawar Field in Saudi Arabia and the Burgan Field in Kuwait, with more than 60 billion barrels estimated in each. Most oil fields are much smaller. According to the US Department of Energy (Energy Information Administration), as of 2003 the US alone had over 30,000 oil fields.
Corporate--BP cut its 2002 production growth target from 5.5% to 4.5%-5%, blaming operational problems at its Schiehallion oil field, the UK Interconnector pipeline, and oil wells in Alaska. (General).(Brief Article)(Statistical Data Included)
Sep 09, 2002; CORPORATE -- BP cut its 2002 production growth target from 5.5% to 4.5%-5%, blaming operational problems at its Schiehallion oil...