Building on more than eight decades of exploration experience, our geoscientists continue to enchance our understanding of the Kingdom's hydrocarbon resources. Through a long-term outlook, effective planning, and the use of cutting edge technologies, we continue to find new field, add reserves, and develop more efficient methods to produce and process oil and gas.

At year-end 2016, our recoverable crude oil and condensate reserves stood at 260.8 billion barrels. Gas reserves grew to 298.7 trillion standard cubic feet (scf).  

We continue progress in our unconventional gas program and have completed wells in northern Saudi Arabia to help meet our commitment to deliver 55 million scfd of gas by year-end 2017 to industrial and electrical power facilities in the Wa’ad Al Shamal industrial city project. In addition, we completed wells in South Ghawar and the Jafurah Basin.

Adding to our resource base

In 2016, we discovered two new oil fields, Jubah, 300 kilometers north of Dammam, and Sahaban, 280 km south of Dammam, and one new gas field, Hadidah, 470 km south of Dammam. At year-end, our total number of fields was regrouped to 130 fields.

Our ongoing success in adding gas reserves — especially nonassociated gas — provides the domestic economy with additional and cleaner potential energy, and supplies of fuel and feedstock that can be harnessed for greater opportunity.

Our proficiency in finding new oil and gas reserves enables our sustainable growth as a company. We secure this growth by enhancing the expertise of our people, developing and deploying the latest technologies, and continuously improving the efficiency of our operations to sustain our best-in-class performance.