performed in order to remove the final legal attachments of the Arabian American Oil Company (Aramco) to the original U.S. company, registered in Delaware on January 31, 1944. However, the history of the Aramco concession, upon which the company's fortune has been forged, dates back to...
when Standard Oil Co. decided to leave, chief geologist Max Steineke urged the team to drill a bit deeper. The resulting well flowed 1,585 barrels of oil and hence began the history of successful discoveries of the world’s largest oil producer. ...
Using the higher estimate of 2011 net exports, 8.1 mbpd, Saudi Arabia would approach zero net oil exports in about 19 years, around 2030 (in both cases extrapolating the 2005 to estimated 2011 rate of increase in the ratio (C/P) of Saudi consumption to production of total petroleum liquids...
This brochure states that “the average recovery factor – the ratio of recoverable oil to the volume of oil originally in place – is about 35%. However, it is recognized that recovery factors are higher for sandstone reservoirs that for carbonates”. Given that the majority of Saudi Arabia’...
The history of oil production from Saudi Arabia has largely come from individual wells that produced in the thousands of barrels a day. In order to sustain that production over decades, it has been necessary to ensure that 1) the pressure differential between the well and the rock are sustaine...
Read through the hidden stories and explore the sights of Saudi Arabia's lesser known adventure trips. Share Don Bañaria's travels and adventures at underratedadventures.com.
Organized in collaboration with Qaswra Hafez and Hafez Gallery, an exhibition at Sotheby’s London highlights key moments and movements from the last half-century of contemporary art in Saudi Arabia
An oil exporting country such as Saudi Arabia has a trade surplus and gov't owned oil companies. A question rarely discussed is why should such a country trade oil in the ground for paper money in a bank. If I was the king of such a country, I would rather keep my oil in the grou...
Top: Rig count in Saudi Arabia from Baker Hughes. Bottom: Average production index constructed from five estimates of Saudi Arabian oil production, Jan 1995-Feb 2007, together with OPEC quotas at the time, together with OPEC quota. Click to enlarge. Source: US EIA International Petroleum Monthly...
The UK Guardian published an article yesterday titled WikiLeaks cables: Saudi Arabia cannot pump enough oil to keep a lid on prices, talking about the possibility that as soon as 2012, world oil production may begin to decline because of "peak oil". Saudi Arabia may not be able to raise ...