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6 of the Largest Oil Fields in the World Still Waiting to be Developed

Oilprice.com -- For a variety of reasons there still exist many untapped oil fields in the world. Those reasons may be political, technological, geological, or economical; but as time goes on they are being resolved to the extent that some huge fields are now becoming available for exploration and production....

The Santos and Campos Basins in Brazil are estimated to contain 123 billion barrels of crude. They are a hot topic in the world of oil due to their size, and companies such as Chevron are keen to work on them. However their location, miles below the surface of the ocean and trapped beneath layers of salt, makes extracting the oil very difficult.

The Orinoco Belt in Venezuela is estimated to contain 513 billion barrels of oil. However western companies have been pulling out of the region despite

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Submitted Aug 02, 2012 By: leemun

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honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Aug 5, 2012 6:33:09 AM Ignore honda0105 Report Abuse lots of koolaid drinker posts, as usual on such subject.
sparky808 Champion Author Honolulu Posts:2,981 Points:594,810 Joined:Sep 2011	Message Posted: Aug 3, 2012 11:34:05 AM Ignore sparky808 Report Abuse Thank you for posting.
polarbear2 Champion Author Maine Posts:12,113 Points:2,751,085 Joined:May 2004	Message Posted: Aug 3, 2012 10:04:15 AM Ignore polarbear2 Report Abuse Open you mind Tustindad. Think out of the box instead of taking every study as truth.
nd73 Champion Author Grand Rapids Posts:1,071 Points:487,880 Joined:May 2007	Message Posted: Aug 3, 2012 8:16:39 AM Ignore nd73 Report Abuse Left up to Obama, those fields will never be touched.
TustinDad Champion Author Orange County Posts:4,271 Points:906,865 Joined:Feb 2008	Message Posted: Aug 2, 2012 10:23:28 PM Ignore TustinDad Report Abuse HypermilinJeff wrote: "It seems to me we're sucking the Earth dry... when will it run out?" Believe it or not but there are "smart" people here who believe we will never run out since "oil is still being created". Apparently in such quantities that we don't have to worry about it ever running out. That has to be right up there with Intelligent Design, another "neither" phrase just like "Moral Majority".
J4romeo All-Star Author Gary Posts:506 Points:1,214,925 Joined:Jan 2006	Message Posted: Aug 2, 2012 10:19:30 PM Ignore J4romeo Report Abuse As price of oil goes up, we here stories like this..:(
rahcat Champion Author Grand Rapids Posts:2,448 Points:658,950 Joined:Jan 2010	Message Posted: Aug 2, 2012 10:15:27 PM Ignore rahcat Report Abuse If the jerk Obama would let us develope our resources, we would not have to depend on OPEC or any other supplier.
us4usa Champion Author Missouri Posts:5,976 Points:1,109,335 Joined:May 2008	Message Posted: Aug 2, 2012 10:11:35 PM Ignore us4usa Report Abuse Oil is here to stay...
WIPACKERFAN Champion Author Chicago Posts:8,779 Points:1,838,475 Joined:Aug 2005	Message Posted: Aug 2, 2012 10:05:19 PM Ignore WIPACKERFAN Report Abuse What are we waiting for?
DustyHorse Champion Author Virginia Posts:6,067 Points:1,387,845 Joined:Oct 2008	Message Posted: Aug 2, 2012 9:58:48 PM Ignore DustyHorse Report Abuse Take that peak oil proponents.
GigHarborHound Champion Author Tacoma Posts:2,517 Points:484,490 Joined:Sep 2011	Message Posted: Aug 2, 2012 9:58:32 PM Ignore GigHarborHound Report Abuse OK!!
VanIsleLes All-Star Author British Columbia Posts:898 Points:274,445 Joined:Jun 2012	Message Posted: Aug 2, 2012 9:57:03 PM Ignore VanIsleLes Report Abuse Makes it tricky ...
bonzoonfmb Champion Author Florida Posts:1,757 Points:640,400 Joined:Feb 2010	Message Posted: Aug 2, 2012 9:56:44 PM Ignore bonzoonfmb Report Abuse No matter where or when the supply of oil comes out of the ground it will go to the highest bidder on the open marketplace and will not bring down the U.S. domestic price of gasoline.
CdnLynx Champion Author Ontario Posts:1,018 Points:520,990 Joined:May 2008	Message Posted: Aug 2, 2012 9:55:51 PM Ignore CdnLynx Report Abuse Proves leaving it in the ground only increases oil prices and gasoline future on world markets. Manipulation!
DEG Champion Author Las Vegas Posts:17,605 Points:3,491,680 Joined:Jul 2003	Message Posted: Aug 2, 2012 9:54:24 PM Ignore DEG Report Abuse The US should be developing more of the oil in its known reserves.
craigsf38 Champion Author Rochester Posts:5,688 Points:1,506,030 Joined:Jun 2008	Message Posted: Aug 2, 2012 9:50:15 PM Ignore craigsf38 Report Abuse Lets go for it NOW
30mpg80 Champion Author Lexington Posts:9,988 Points:1,483,855 Joined:Nov 2008	Message Posted: Aug 2, 2012 9:48:45 PM Ignore 30mpg80 Report Abuse We can develop those after 2100
bigoilscamsus Champion Author Lansing Posts:1,058 Points:48,265 Joined:Nov 2011	Message Posted: Aug 2, 2012 9:48:30 PM Ignore bigoilscamsus Report Abuse Protest high gas prices--any gas over $2.50 per gallon!! picket the 15 highest priced gas stations in your area!!
mstearno Champion Author Dayton Posts:8,043 Points:1,727,235 Joined:Jan 2008	Message Posted: Aug 2, 2012 9:47:38 PM Ignore mstearno Report Abuse brazil the new king
chicoCA Champion Author California Posts:1,960 Points:1,770,530 Joined:Nov 2007	Message Posted: Aug 2, 2012 9:45:08 PM Ignore chicoCA Report Abuse okay
oldiesman Champion Author New York Posts:6,412 Points:2,190,935 Joined:May 2006	Message Posted: Aug 2, 2012 9:44:31 PM Ignore oldiesman Report Abuse Good for them.
vibdata Champion Author Massachusetts Posts:4,074 Points:846,275 Joined:Nov 2005	Message Posted: Aug 2, 2012 9:40:17 PM Ignore vibdata Report Abuse I would think they are waiting for higher prices so they could make ridiculous fortunes.
streetcars Champion Author Toledo Posts:12,244 Points:2,602,640 Joined:Apr 2005	Message Posted: Aug 2, 2012 9:39:04 PM Ignore streetcars Report Abuse OK!
mmadsen05 Sophomore Author Tacoma Posts:172 Points:61,770 Joined:May 2010	Message Posted: Aug 2, 2012 9:38:41 PM Ignore mmadsen05 Report Abuse ok
speedys Champion Author Utah Posts:6,995 Points:2,554,845 Joined:Nov 2005	Message Posted: Aug 2, 2012 9:35:52 PM Ignore speedys Report Abuse We can't refine all the oil we got in storage.
mcmonsta Champion Author Honolulu Posts:3,212 Points:814,770 Joined:Sep 2009	Message Posted: Aug 2, 2012 9:35:00 PM Ignore mcmonsta Report Abuse many ways to fix it but a lot of peace mongers would go beserk
firefly09 Champion Author San Diego Posts:2,478 Points:712,720 Joined:Mar 2009	Message Posted: Aug 2, 2012 9:34:33 PM Ignore firefly09 Report Abuse I agree with kelly1016.
kelly1016 Champion Author Victoria Posts:1,953 Points:352,940 Joined:Oct 2011	Message Posted: Aug 2, 2012 9:33:46 PM Ignore kelly1016 Report Abuse More oil everywhere.
knot2swift Champion Author Calgary Posts:4,374 Points:695,250 Joined:Nov 2009	Message Posted: Aug 2, 2012 9:33:42 PM Ignore knot2swift Report Abuse Seems only the Orinoco Belt seems big enough not to be considered "Small Fry". The world uses 80 million barrels a day these days. So what is a billion barrels? 12 1/2 days worth!
paulydel Champion Author Delaware Posts:8,769 Points:846,150 Joined:Jan 2008	Message Posted: Aug 2, 2012 9:32:56 PM Ignore paulydel Report Abuse When the money is right? I think its way past that.
davenles Champion Author Texas Posts:3,176 Points:714,685 Joined:May 2011	Message Posted: Aug 2, 2012 9:30:18 PM Ignore davenles Report Abuse They will develop them when the money is right.
OGW Champion Author London Posts:5,324 Points:1,529,650 Joined:Sep 2005	Message Posted: Aug 2, 2012 9:26:10 PM Ignore OGW Report Abuse There are some places where drilling should not ever be allowed regardless of how much oil is beneath the surface.
jimedB Veteran Author Riverside Posts:385 Points:78,515 Joined:Jun 2012	Message Posted: Aug 2, 2012 9:24:17 PM Ignore jimedB Report Abuse Lets just hope we don't go to some of the other countries oil fields and get them set up and get kicked out so they can get all the profits without having to spend the start up money.
btsom Sophomore Author Oklahoma City Posts:222 Points:14,100 Joined:May 2011	Message Posted: Aug 2, 2012 9:23:33 PM Ignore btsom Report Abuse This would be good news if it can be developed. It would help lower the world price of oil. We still wouldn't have to buy from anyone else if the Obstructionist in Chief would get out of the way. Whether he admits it or not, he and his energy secretary still want gas at $6 to $10 a gallon to force us all into Volts. I guess when we all die from the house fires started by the Volts, that would fix the Social Security and Medi-care problems at the same time. Perhaps Obama is smarter than I thought.
FrankTA2 Champion Author New York Posts:4,279 Points:1,090,805 Joined:Jun 2007	Message Posted: Aug 2, 2012 9:22:19 PM Ignore FrankTA2 Report Abuse Excellent!!!
dulberg Sophomore Author Long Island Posts:242 Points:265,480 Joined:Nov 2007	Message Posted: Aug 2, 2012 9:21:45 PM Ignore dulberg Report Abuse K
RevDrCBJ Veteran Author Ann Arbor Posts:363 Points:187,010 Joined:Jul 2011	Message Posted: Aug 2, 2012 9:20:16 PM Ignore RevDrCBJ Report Abuse Fancy That!'
JettaKnight Champion Author Toronto Posts:1,518 Points:2,098,870 Joined:Nov 2005	Message Posted: Aug 2, 2012 9:12:59 PM Ignore JettaKnight Report Abuse walkingtall Toronto "They're waiting for gas prices to reach 5 dollars a gallon." We've already paid $1.35 per litre. That's over $5 per gallon. Premium sells for $1.38 - $1.40+. When regular get to that range, premium will be closing-in fast on $6.
fenster66 Champion Author Pittsburgh Posts:3,330 Points:670,090 Joined:May 2011	Message Posted: Aug 2, 2012 9:12:55 PM Ignore fenster66 Report Abuse ok...
Is246 Champion Author Albuquerque Posts:1,007 Points:425,045 Joined:Apr 2011	Message Posted: Aug 2, 2012 9:12:36 PM Ignore Is246 Report Abuse Nice!
5Golfer8 Champion Author Tucson Posts:2,123 Points:297,625 Joined:Jun 2011	Message Posted: Aug 2, 2012 9:10:13 PM Ignore 5Golfer8 Report Abuse I'm sure that Obama will give it too China or some other foreign company.
skybiker Champion Author South Carolina Posts:7,272 Points:1,555,415 Joined:Jul 2008	Message Posted: Aug 2, 2012 9:06:59 PM Ignore skybiker Report Abuse Don't forget the Haifa field offshore in Israel...Bigger that the Saudis...
DandyDapple All-Star Author North Dakota Posts:715 Points:307,820 Joined:Sep 2008	Message Posted: Aug 2, 2012 9:04:27 PM Ignore DandyDapple Report Abuse hmmm
wayoung56 Champion Author Alabama Posts:2,785 Points:815,310 Joined:Oct 2006	Message Posted: Aug 2, 2012 9:02:24 PM Ignore wayoung56 Report Abuse What else is new???
me2002 All-Star Author Toledo Posts:763 Points:319,205 Joined:Dec 2011	Message Posted: Aug 2, 2012 9:02:04 PM Ignore me2002 Report Abuse Sitting there going to waste.
camel1 Champion Author Minnesota Posts:8,250 Points:2,262,615 Joined:Jul 2006	Message Posted: Aug 2, 2012 9:01:39 PM Ignore camel1 Report Abuse ok
bvrbill Champion Author Eugene Posts:3,188 Points:514,625 Joined:Jul 2011	Message Posted: Aug 2, 2012 9:01:32 PM Ignore bvrbill Report Abuse Until Big Oil needs to develop them, they won't be. [Edited by: bvrbill at 8/2/2012 11:02:56 PM EST]
HypermilinJeff Rookie Author Dallas Posts:64 Points:316,185 Joined:Feb 2012	Message Posted: Aug 2, 2012 9:01:12 PM Ignore HypermilinJeff Report Abuse It seems to me we're sucking the Earth dry... when will it run out?
aggietim Champion Author Fort Worth Posts:1,746 Points:691,125 Joined:Oct 2008	Message Posted: Aug 2, 2012 8:56:06 PM Ignore aggietim Report Abuse hmm
walkingtall Champion Author Toronto Posts:3,979 Points:1,117,680 Joined:Nov 2004	Message Posted: Aug 2, 2012 8:49:47 PM Ignore walkingtall Report Abuse They're waiting for gas prices to reach 5 dollars a gallon.