Saudi Aramco Continues to Target 12 mbpd
- Pipeline
- Saudi Aramco News
- Industry News
Author: Aramco ExPats
Released 8 November 2006
Saudi Aramco has restated its intention to increase oil output to twelve million barrels per day by the end of 2009. The Khursaniyah, Shaybah, Nuayyim, Khurais and Manifah fields would be the source of this additional output, said Abdallah S. Al-Saif, senior VP of exploration and production.
“Saudi Aramco is significantly expanding its efforts to play its part in meeting global demand,” he told a meeting of the Society of Petroleum Engineers (SPE). “In the long run, the company will be embarking on major initiatives in exploration, delineation and R&D that are poised to generate huge additions to its recoverable hydrocarbon resource base over the coming decades.”
At a recent meeting of Saudi Aramco’s board of directors, there were plans heard about an increased production at Khurais by 1.2 million barrels per day.The board also heard plans to extract as much as 1 billion standard cubic feet per day of Khuff gas from the Karan Field.
“The company is administering and executing ambitious upstream and downstream expansion programs, involving historically high levels of capital expenditures,” said Abdallah S. Jum’ah, president and chief executive of Saudi Aramco.
“All these operations and activities place responsibilities upon all levels of management and all employees. In the performance of our jobs, in the achievement of our corporate objectives, and in the preservation of the safety of our people and operations, we must all do our part and take personal responsibility.”