• 4 minutes Will We Ever See 100$+ OIL?
  • 8 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 11 minutes Energy Outlook for Renewables. Pie in the sky or real?
  • 2 hours Shale Oil will it self destruct?
  • 8 hours NYT: Mass Immigration Roundups in U.S. to Start Sunday
  • 3 hours White House insider who predicted Iran False Flag, David Goldberg found dead in his New York apartment
  • 20 hours U.S. Administration Moves To End Asylum Protections For Central Americans
  • 12 hours South Korea imports No Oil From Iran in June - First-Half Imports Fall 37%
  • 18 hours U.S.- Taiwan: China Says Will Freeze Out U.S. Companies That Sell Arms To Taiwan
  • 5 hours Germany exits coal: A model for Asia?
  • 1 hour Migration From Eastern Europe Raises German Population To Record High
  • 7 hours Starlink Internet Courtesy of Tesla
  • 22 mins Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
  • 2 days Oil Price Could Fall To $30 If Global Deal Not Extended
  • 2 days Rising air pollution and green house effect
  • 11 hours A Silence is heard
Alt Text

Why This Oil Rally Won’t Last

A combination of bullish factors…

Alt Text

An Unexpected Boon For Alberta’s Oil Producers

Canadian Light oil prices have…

Al Fin

Al Fin

Al Fin runs a number of very successful blogs that cover, energy, technology, news and politics.

More Info

Premium Content

Saudi Arabia Increasing Investment in Ghawar Oilfield

Saudi Arabia is investing in more advanced technology to increase production from its giant Ghawar oilfield. Most national oil companies are reluctant to invest oil profits in new technology, choosing instead to use the oil wealth for weapons, social programs, other means of power brokering, or corrupt and conspicuous consumption. The Saudis are demonstrating a fiscal discipline which is uncommon in the third world, and which speaks well about how seriously the Saudis looking into the future.
Saudi Arabia is planning to deploy new technology to extract more crude from the world’s largest oilfield that pumps more than double the combined output of the UAE and Kuwait, its state hydrocarbon operator has said.

...The field now pumps more than 60 per cent of Saudi Arabia’s crude production, six per cent of the world’s oil supplies and over 15 per cent of Opec’s output.

Located in the eastern part of the Empty Quarter desert along the western Gulf coast, Ghawar pumps nearly five million bpd of the top quality light crude and around 2.5 billion cubic feet per day of natural gas.

The field’s production reached a peak of about 5.7 million bpd by 1981 — a world record for continuous production in a single field — but output was reduced later that decade due to declining global demand. Still, the field’s current, sustained five million bpd output is unrivalled. _Emirates24/7

By. Al Fin




Download The Free Oilprice App Today

Back to homepage


Leave a comment
  • Anonymous on September 30 2010 said:
    It's possible that we can accept some of this, Al. Not all of it of course, and I plan to tell a seminar today which part shouldn't be accepted, but I don't think that I'll inform you...yet.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play