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Exploiting oil fields can drive economic growth by providing jobs, boosting local economies, and generating revenue through taxes and exports. It also contributes to energy security by ensuring a stable supply of fuel for transportation, industry, and electricity generation. Additionally, oil remains a critical resource for various industries, including manufacturing and petrochemicals, which rely on it for raw materials. However, it's essential to balance these benefits with environmental considerations and the transition to renewable energy sources.
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Distinguish between marginal and mature oil fields?
Marginal oil fields are typically characterized by lower production rates and higher operational costs, making them less economically viable under current market conditions. These fields often require enhanced recovery techniques or favorable price conditions to be profitable. In contrast, mature oil fields have been in production for an extended period, generally exhibiting declining production rates but remaining economically viable due to established infrastructure and lower extraction costs. Mature fields may still contribute significantly to overall oil production, especially with ongoing investments in technology and maintenance.
How were the Indians economically exploited by the British?
The Indians were exploited in many ways. The British put a tax on salt which is needed desprately in their climate.
Ways by which people may be exploited in market?
adulteration
What is the effect of consumer awareness in the Indian economy?
In cities consumer awareness is seen but very less,the people of cities know their rights and most of them are not exploited but in rural areas peoples are exploited and hence no effect is seen.
What is exact definition of consumer awareness?
consumer awareness is the knowlege that a consumer should have about his/her legal rights and duties.It is must for a consumer to follow these rights.It is implemented fr the protection of the consumer,so that the consumer is not exploited by the seller of the products.
How is Antarctica being exploited for oil?
There is no commercial oil drilling on Earth south of 60 degrees S, per the Antarctic Treaty.
Is there any oil field in oregon?
There are oil fields as well as gas fields located in the state of Oregon.
What resource did adolf Hitler want to capture by attacking southern soviet union?
Oil Fields
Where are oil fields located?
There are oil fields in many countries around the world. Some of the larger oil fields are found in Russia, Mexico, Brazil, Kazakhstan, and Venezuela. Oil fields are also found in the Middle East in countries such as Kuwait, Iran, and Saudi Arabia.
Are oil fields in the eastern Mediterranean?
no the region lacks oil.
Where are the most important oil fields of Europe located and which countries pump oil from them?
Most of the oil fields are located in the North Sea. Norway, the Netherlands, the United Kingdom, & Denmark pump oil from them.
What are the release dates for Sour Lake Oil Fields - 1904?
Sour Lake Oil Fields - 1904 was released on: USA: 1904
What are the onshore oil fields in uae?
one of the onshore fields in uae isbab
Where are locations for oil fields in Alaska?
Some key locations for oil fields in Alaska include the North Slope region, with notable fields such as Prudhoe Bay, Kuparuk, and Point Thomson. Additionally, the Cook Inlet region in southern Alaska also has oil fields like the Swanson River and Beluga River fields. These areas are major contributors to Alaska's oil production.
When did middle east countries nationalize oil fields?
It depends specifically on the country. Iran nationalized its oil fields in 1953 and then again in 1979 (since they had returned to the British in 1954). Egypt nationalized its oil fields in the 1960s. Saudi Arabia has nationalized some oil fields and created profit-sharing agreements on others from the 1970s onwards.
Which of the oil fields of india is the oldest and still producing oil?
Digboi
What province has rich oil fields?
Saskatchewan - the Bakken Oil Formation
