Contact: H. Sam Hyams
Phone: (212) 209-7388
Email: Send an email
Strat Petroleum Ltd, oil and natural gas exploration company
Strat Petroleum, Ltd. has identified several opportunities that are under review. One area particular interest is in the Orenburg Region, West of Ural Mountains. The Orenburg Oblast (Province) is a leading oil and gas producer. Exploration has revealed over 140 oil and gas deposits there. Proven reserves of oil exceed 127.4 million metric tons, while gas estimates are 821.1 billion cubic meters. The region has an estimated 40 to 50 years of commercially exploitable natural gas reserves. Orenburg currently produces between 8.4 and 8.5 million metric tons of oil. However, substantial investment is required in order to further develop the region's oil and gas extraction industries. Only about 1% of proven reserves have been extracted which not only leaves significant quantities yet to be extracted but large tracts of land still untested.
Strat Petroleum Ltd Company Tags: Strat Petroleum Ltd New York, USA, Oil and Gas, JV, Licensing
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