OIL & OIL SHALE MONGOLIA – INTERNATIONAL INVESTMENT CONFERENCE
Mongolia is an oil producing country with proven reserves of 2.3 billion barrels and estimated to have 3.1 billion barrels of oil-in-place. This data along places Mongolia in 34th place in the world.
Despite the scarcity of exploration data on Mongolia’s petroleum potential, positive geological and geophysical data, reported oil seeps throughout the sedimentary basins and recent discoveries of oil and the geologic similarity (e.g. existence of stratigraphic traps, fault traps, faulted anticlines, over thrust folds etc.) of hydrocarbon basins of Mongolia to adjacent Chinese producing basins indicate the high probability to find substantial petroleum reserves in Mongolia.
The international investment conference is organized to provide detailed information of the industry to all the stakeholders. Thus, the event creates an opportunity for avid investors to make a strategic decision for future financing, to establish connection with the domestic and international industry experts, and to make an input in the development of Mongolian oil & gas industry.