Šamac Oil Field
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Šamac Oil Field
The Šamac oil field is an oil field located in Šamac . It was discovered in 2004 and developed by Energopetrol (EP). The total proven reserves of the Šamac oil field are around 3.6 billion barrels (500×106tonnes), and production is supposed to be centered on . If the information regarding this oil field is correct then it is the largest onshore oil field in Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia .... References Šamac, Bosnia and Herzegovina Oil fields in Bosnia and Herzegovina {{Šamac-geo-stub ...
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Bosnia And Herzegovina
Bosnia and Herzegovina ( sh, / , ), abbreviated BiH () or B&H, sometimes called Bosnia–Herzegovina and often known informally as Bosnia, is a country at the crossroads of south and southeast Europe, located in the Balkans. Bosnia and Herzegovina borders Serbia to the east, Montenegro to the southeast, and Croatia to the north and southwest. In the south it has a narrow coast on the Adriatic Sea within the Mediterranean, which is about long and surrounds the town of Neum. Bosnia, which is the inland region of the country, has a moderate continental climate with hot summers and cold, snowy winters. In the central and eastern regions of the country, the geography is mountainous, in the northwest it is moderately hilly, and in the northeast it is predominantly flat. Herzegovina, which is the smaller, southern region of the country, has a Mediterranean climate and is mostly mountainous. Sarajevo is the capital and the largest city of the country followed by Banja Luka, Tu ...
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Energopetrol
Energopetrol is a Bosnian oil company based in Sarajevo. It was founded in the 1960s as a part of the Energoinvest corporation. Its logo includes the orange letters "EP" in a serif font surrounded by an orange circle. Due to large debt and general failure of management, the government of Bosnia and Herzegovina Bosnia and Herzegovina ( sh, / , ), abbreviated BiH () or B&H, sometimes called Bosnia–Herzegovina and often known informally as Bosnia, is a country at the crossroads of south and southeast Europe, located in the Balkans. Bosnia and H ..., as majority owner, privatized 67% of its stake within the company. The Croatian-Hungarian company INA-MOL had acquired the shares for 220 million Bosnian Marks (100 million dollars). The INA- MOL consortium had acquired 67 gas stations and two office buildings belonging to Energopetrol in Sarajevo. The consortium had promised to keep the present labor force, the name (Energopetrol), and turn the company into a regi ...
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Oil Field
A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations. Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the presence of high heat and pressure in the Earth's crust. Petroleum reservoirs are broadly classified as ''conventional'' and '' unconventional'' reservoirs. In conventional reservoirs, the naturally occurring hydrocarbons, such as crude oil or natural gas, are trapped by overlying rock formations with lower permeability, while in unconventional reservoirs, the rocks have high porosity and low permeability, which keeps the hydrocarbons trapped in place, therefore not requiring a cap rock. Reservoirs are found using hydrocarbon exploration methods. Oil field An oil field is an area of accumulation of liquid oil underground in multiple (potentially linked) reservoirs, trapped as it rises by impermeable rock formations. In industrial terms, an o ...
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Šamac, Bosnia And Herzegovina
Šamac ( sr-cyrl, Шамац, ), formerly Bosanski Šamac ( sr-cyrl, Босански Шамац) is a town and municipality located in the northeastern part of Republika Srpska, an entity of Bosnia and Herzegovina. There are also small, uninhabited, parts located in Odžak municipality and in Domaljevac-Šamac municipality, Federation of Bosnia and Herzegovina. As of 2013, the town has a population of 5,390 inhabitants, while the municipality has 17,273 inhabitants. It is situated on the right bank of the Sava river. Across the river is Slavonski Šamac in Croatia. History The city was founded by Bosnian settlers from Ottoman province of Smederevo in 1862. It was part of the Ottoman province of Bosnia by the time it was annexed by Austro-Hungarian Empire in 1887. After World War I, the city became part of the Kingdom of Yugoslavia. From 1929 to 1939, it was part of Drina Banovina; and from 1939 until 1941 it was part of the Banovina of Croatia. During World War II, Šamac, as ...
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Proven Reserves
Proven reserves (also called measured reserves, 1P, and reserves) is a measure of fossil fuel energy reserves, such as oil reserves, natural gas reserves, and coal reserves. It is defined as the " antity of energy sources estimated with reasonable certainty, from the analysis of geologic and engineering data, to be recoverable from well established or known reservoirs with the existing equipment and under the existing operating conditions." A reserve is considered proven if it is probable that at least 90% of the resource is recoverable by economically profitable means. Operating conditions are taken into account when determining if a reserve is classified as proven. Operating conditions include operational break-even price, regulatory and contractual approvals, without which the reserve cannot be classified as proven. Price changes therefore can have a large impact on the classification of proven reserves. Regulatory and contractual conditions may change, and also affect the am ...
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Europe
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia and it is located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. Comprising the westernmost peninsulas of Eurasia, it shares the continental landmass of Afro-Eurasia with both Africa and Asia. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south and Asia to the east. Europe is commonly considered to be Boundaries between the continents of Earth#Asia and Europe, separated from Asia by the drainage divide, watershed of the Ural Mountains, the Ural (river), Ural River, the Caspian Sea, the Greater Caucasus, the Black Sea and the waterways of the Turkish Straits. "Europe" (pp. 68–69); "Asia" (pp. 90–91): "A commonly accepted division between Asia and E ...
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