All of us at Saudi Aramco are working towards the same goal – to remain the world’s most reliable supplier of energy. It’s a responsibility we take very seriously.
Energy for the world
We have the proven reserves, flexible production capacity and robust infrastructure to ensure a reliable and sustainable supply of crude oil and refined products – or to deal with any unexpected disruptions in global petroleum supplies.
Whether they’re down the road or across the world, our customers can depend on us.
Stewards of our resources
Saudi Arabia has the world’s largest conventional oil reserves. The supply of recoverable crude oil and condensate is measured at approximately 259.7 billion barrels.
The Kingdom’s natural gas reserves are the world’s fourth biggest, estimated at 282.6 trillion cubic feet.
Given their immense size, managing these reserves wisely benefits not just the Kingdom, but the whole world. That’s why we’re continually investing in exploration and better reservoir management.
Growing and discovering
In recent years, we’ve focused on increasing our natural gas production capability. Why? Gas plays an essential role in the Saudi economy and fuels many local industries.
By 2014, we plan to expand gas production and processing capacities by 40% to 4.5 billion standard cubic feet.
Investing in good times and bad
Whether the market’s low or high, we’ve returned investment on a scale never before seen in our industry:
We’re busy locating oil and gas resources across Saudi Arabia, exploring new frontiers on land and offshore.
We’ve just completed a multi-project program to meet our 12 million barrels per day (bpd) maximum sustainable crude oil production capacity goal. This means we can maintain significant spare production capacity to reserve for unforeseen supply disruptions elsewhere in the industry.
Taking the long view
To meet our goals and continue to grow, we invest in large-scale projects even when the current market is weak.
Creating technology that works
We’ve introduced many new reservoir management techniques designed to maximize recovery from our fields.
One of these is GigaPOWERS, a parallel reservoir simulator we pioneered that allows us to view giant fields at billion-cell seismic resolution. This industry first creates a detailed visual picture of fluid movement in hydrocarbon reservoirs.
We also manage an extensive system of crude oil producing and processing facilities and export terminals, helping us meet our customer commitments. It’s all part of our goal to remain the world’s most reliable supplier of petroleum for many decades to come.
The Process and Control Systems Department recentl...AL-KHOBAR, 22-May-2013
Saudi Aramco recently hosted a workshop with repre...JAZAN, 22-May-2013
The southwest corner of the Kingdom pulsed with en...JAZAN, 22-May-2013