Saudis adjusting to lower production levels

Journal Article · Mon Aug 24 00:00:00 EDT 1987 · Oil Gas J.; (United States)

OSTI ID:6002446

Vielvoye, R

This article points out that development work in Saudi Arabia reflects the realities of the oil industry in the second half of the 1980s. Gone are the multibillion investments in refineries, basic petrochemicals, associated gas gathering systems, and other production facilities. This article reviews alternatives that have sprung up in their place: an extensive program to mothball surplus offshore and onshore production facilities; new non-associated gas production facilities to offset the shortfall in associated gas supplies from declining crude oil production; additional investment in trunk pipelines to reduce national dependence on export terminals in the trouble-plagued Persian Gulf. Production last year averaged 4.689 million b/d. Output during the first half of this year fell to under 4 million b/d under new quotas established by the Organisation of Petroleeum Exporting Countries (OPEC). For the rest of 1987, production is not expected to exceed 4.2 million b/d.

• OSTI ID: 6002446
• Journal Information: Oil Gas J.; (United States), Vol. 85:34
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
29 ENERGY PLANNING
POLICY AND ECONOMY
OIL WELLS
PRODUCTION
SAUDI ARABIA
ENERGY POLICY
ASSOCIATED GAS
EXPORTS
INVESTMENT
NATURAL GAS PROCESSING PLANTS
OFFSHORE SITES
ONSHORE SITES
OPEC
PERSIAN GULF
PETROCHEMICALS
PETROLEUM INDUSTRY
PETROLEUM REFINERIES
PIPELINES
TERMINAL FACILITIES
ARABIAN SEA
ASIA
FLUIDS
GASES
GOVERNMENT POLICIES
INDIAN OCEAN
INDUSTRIAL PLANTS
INDUSTRY
INTERNATIONAL ORGANIZATIONS
OIL-EXPORTING COUNTRIES
PETROLEUM PRODUCTS
SEAS
SURFACE WATERS
WELLS
020300* - Petroleum- Drilling & Production
294002 - Energy Planning & Policy- Petroleum
290200 - Energy Planning & Policy- Economics & Sociology
293000 - Energy Planning & Policy- Policy
Legislation
& Regulation