The North Field, which is considered one of the largest gas condensate fields in the world, was once considered noncommercial. From the initial discovery in 1971, the industry took 20 years to formally begin developing the field’s resources. New seismic technology may unveil even more resources in and around the established boundaries of the field, but companies will need to act fast as geopolitics have cooled to their lowest temperature in nearly 40 years.
Source: News