Capsian Sea Oil and Phillips - - Tulsa, OK - News, Weather, Video and Sports - |

Capsian Sea Oil and Phillips

(Washington-AP) -- A vast petroleum reserve in the northern Caspian Sea may be the largest oil discovery anywhere in the world in the past 20 years. U-S officials and industry sources tell The Washington Post that estimates of the field's size range from eight billion to more than 50 billion barrels of oil. The 480-square-mile deposit is located off the coast of Kazakhstan. Officials there announced last week that a consortium of Westernoil companies, including Phillips Petroleum and Exxon Mobil, had found "big deposits of oil" but would not speculate about the size.
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103 is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.