Saudi oil in placeIn Maureen Lorenzetti's article "Saudis refute claims of oil field production declines (OGJ, Mar. 8, 2004, p. 24), the oil in place of Saudi Aramco was given as 700 billion bbl, with 238 billion bbl of contingent resources.Following the SPE/WPC/AAPG rules (mentioned by Saudi Aramco in its Feb. 24 presentation), "Contingent resources are those quantities of petroleum which are estimated, on a given date, to be potentially recoverable from known accumulations, but which are not currently considered to be commercially recoverable."It is obvious that Saudi Aramco officials Baqi and Saleri confuse contingent resources with unrecoverable resources. In fact, they report onl...

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