Preliminary estimates suggested that Iraq’s Eridu oil field holds between 7-10 billion barrels of reserves…..that’s B as in Billion

  • The Eridu field is the biggest oil find in Iraq in the last 20 years.
  • March saw Iraq’s state-owned Dhi Qar Oil Company (DQOC) formally approve the development of Block 10’s reserves, including for the whole Eridu field.
  • Inpex’ decision to sell its 40 percent stake in the Block 10 region that contains the huge Eridu discovery leaves the way clear for Lukoil to take total control of the entire oil-rich area.

https://oilprice.com/Energy/Crude-Oil/Russia-Takes-Control-of-Iraqs-Biggest-Oil-Discovery-for-20-Years.html