new 53 bln oilfield?

[John Foote + 1,135]

https://www.middleeastmonitor.com/20191110-iran-says-finds-new-oilfield-with-53-bln-barrels-of-crude/

I am one of those that believe there is plenty of oil, it's just the economics and politics of finding and developing it. And we are years from peak usage.

I am a bit jaundiced to anything stated by a Middle East government. Anybody here no any details on this "discovery?"

[NickW + 2,714]

8 minutes ago, John Foote said:

https://www.middleeastmonitor.com/20191110-iran-says-finds-new-oilfield-with-53-bln-barrels-of-crude/

I am one of those that believe there is plenty of oil, it's just the economics and politics of finding and developing it. And we are years from peak usage.

I am a bit jaundiced to anything stated by a Middle East government. Anybody here no any details on this "discovery?"

Nice timing - just before Aramco IPO