Saudi Aramco details 1990 surge in oil production
This paper reports on Saudi Arabian Oil Co. that has jumped its crude oil production 29% to an average 6,257,600 b/d last year. That was Saudi Arabia's response to Iraq's Aug. 2, 1990, invasion of Kuwait and the ensuing Persian Gulf crisis with its United Nations embargo on Iraqi and Kuwaiti oil exports. It was Saudi Aramco's biggest average crude oil volume since the 6,327,220 b/d gauged in 1982, according to the company's 1990 annual report. By the end of 1990 Saudi Aramco's maximum sustained production capability was 8.5 million b/d of crude. To meet long term demand, it decided to advance the timetable and increase the scope of a crude oil expansion program adopted in 1989. Reserves at the end of the year were 257.9 billion bbl of crude and 180.5 tcf of dissolved, associated, and non-associated natural gas, compared with 257.5 billion bbl and 180.355 tcf at yearend 1989.
- OSTI ID:
- 5792619
- Journal Information:
- Oil and Gas Journal; (United States), Vol. 89:32; ISSN 0030-1388
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
29 ENERGY PLANNING
POLICY AND ECONOMY
NATURAL GAS LIQUIDS
EXPORTS
PRODUCTION
PETROLEUM
SAUDI ARABIA
IRAQ
KUWAIT
POLITICAL ASPECTS
SUPPLY AND DEMAND
ASIA
DEVELOPING COUNTRIES
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUELS
INSTITUTIONAL FACTORS
LIQUIDS
MIDDLE EAST
TRADE
030600* - Natural Gas- Economic
Industrial
& Business Aspects
292000 - Energy Planning & Policy- Supply
Demand & Forecasting
294002 - Energy Planning & Policy- Petroleum