• 3 minutes Shale Oil Fiasco
  • 7 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 12 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 16 minutes Global Debt Worries. How Will This End?
  • 8 hours DUMB IT DOWN-IMPEACHMENT
  • 11 hours Greta named Time Magazine "Person of the Year"
  • 1 hour POTUS Trump signs the HK Bill
  • 6 hours Everything you think you know about economics is WRONG!
  • 20 mins Tories on course to win majority
  • 1 hour americavchina.com
  • 29 mins Winter Storms Hitting Continental US
  • 16 hours Forget The Hype, Aramco Shares May be Valued At Zero Next Year
  • 3 hours WTO is effectively neutered. Trump *already* won the trade war against China and WTO is helpless to intervene
  • 1 day Can Renewable Natural Gas Compete With Diesel?
  • 16 hours Aramco Raises $25.6B in World's Biggest IPO
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