Gulf Oil and Gas accountACCOUNT

Aramco 2011 Crude Output Tops 9 Million Bpd

Source: Reuters 5/28/2012, Location: Middle East

Share |
Saudi Aramco’s crude oil output in 2011 rose to 9.1 million barrels per day (bpd) from 7.9 million a year earlier, the state oil firm said in an annual review released.

“In 2011, the company supported global energy security and petroleum market stability through the continuing reliability of its operations and its investment in significant spare production capacity,” Ali al-Naimi, Aramco’s chairman and the kingdom’s oil minister, said in the review.

“Historically, our spare capacity has been tapped to compensate for production disruptions and declining supply from other major suppliers, and is a cornerstone of the Kingdom’s forward-looking energy policy,” Naimi said. Exports by Saudi Aramco, the oil company of the world’s largest oil exporter, jumped to 2.42 billion barrels in 2011 from 2.02 billion in 2010, it said, rising to 6.63 million bpd from 5.5 million.

Aramco said gas production averaged 9.9 billion cubic feet per day in 2011 from 9.4 billion in 2010. Gas reserves rose to 282.6 trillion standard cubic feet (scf) from 279 trillion.

Saudi Arabia holds the world’s fourth largest gas reserves.

It’s proven conventional crude oil and condensate reserves, the world’s largest, slipped to 259.7 billion barrels in 2011 from 260.1 billion a year earlier, the review showed.

Production News in Saudi Arabia >>

Angola >>  11/10/2018 - The Angolan State Minister for Economic and Social Development, Manuel Nunes Junior, the Chairman and CEO of Total, Patrick Pouyanné, and the Chairman...
Indonesia >>  11/8/2018 - Bass Oil has announced that it has produced a record monthly oil production of 27,795 barrels of oil JV share, or 15,287 barrels Bass share, from its ...

Norway >>  11/8/2018 - The Sture terminal and the Kollsnes plant resumed operations afternoon after being shut down in connection with the collision between the frigate KNM...
Argentina >>  11/6/2018 - GeoPark Limited (GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in C...

Libya >>  11/4/2018 - National Oil Corporation (NOC) chairman, Eng. Mustafa Sanalla, met with the CEO of Italian oil major Eni, Claudio Descalzi, at NOC headquarters on Nov...
Iran >>  10/30/2018 - The director of phase13 announced an increase in production coefficient of flexibility due to the connection of sweetening gas output line to the 6th ...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 |

More News

 

Oil & Gas Companies in Saudi Arabia >>


Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.