The West Qurna 1 oil field, located in the southern region of Iraq, is touted as one of the largest in the world. With recoverable reserve estimates exceeding 20 billion barrels, this imposing reservoir holds a significant place in global energy production. Its vast capacity not only magnifies Iraq's pivotal role in the international oil market but also underscores the enormous potential of West Qurna 1 to bolster the nation's economy and stabilize global energy supplies.
1. The West Qurna 1 oil field, located in southern Iraq, is considered one of the world's largest, with recoverable reserve estimates exceeding 20 billion barrels, making it a significant player in global energy production.
2. This oil field plays an instrumental role in Iraq's national economy and influence in the international oil market due to its vast capacity.
3. West Qurna 1 also has substantial potential to stabilize global energy supplies due to its enormous reserves.
4. This oil field, operated by Exxon Mobil Corporation, is located close to the Euphrates River and covers an area of approximately 65 kilometers long and 20 kilometers wide, contributing heavily to Iraq's oil economy.
5. Due to its sizable recoverable reserve estimate and immense size, West Qurna 1 holds strategic value in the global oil market, significantly contributing to the stability of global oil supply.
The West Qurna 1 oil field in Iraq has recoverable reserve estimates exceeding 20 billion barrels.
The West Qurna 1 oil field is situated proximate to the Euphrates River and encompasses a total area of approximately 65 kilometers long and 20 kilometers wide. Operated by Exxon Mobil Corporation, this colossal oil field is a significant contributor to Iraq's oil economy. Notably, it stands out with a sizable recoverable reserve estimate surpassing 20 billion barrels. This enormous figure elevates West Qurna 1 as one of the largest oil fields globally. The field's immense size underscores its strategic value in the global oil market, contributing significantly to global oil supply stability.