Christopher Helman, 01.21.10, 12:00 PM EST
Chances are your energy needs are going to flow from one of these 10 fields in the future.
HOUSTON — This month Iraq will finalize contracts with the likes of ExxonMobil, Royal Dutch Shell and to develop some of its biggest oil fields. These giants are among the world’s last remaining pockets of so-called “easy oil.” They don’t require ultradeep drilling or innovative production techniques, just the application of Big Oil know-how. No wonder the oil companies agreed to develop Iraq’s fields without even getting an ownership stake in the fields and collecting as little as $1.15 per barrel recovered.