Will the Largest Oilfield in the World Soon Be the Permian Basin?
When you think of the world’s largest oil reserves, the countries that come to mind are usually the obvious ones: Venezuela, Saudi Arabia, Russia, etcetera. It’s true: the current largest oilfield in the world remains Saudi Arabia’s Ghawar Oilfield, producing 5 million barrels of petroleum per day over the last three decades, good for almost…