OTC: Saudi Aramco amenable to improving reserve data

05/17/2004
Saudi Arabia's state-owned oil company Saudi Aramco endorsed calls by some industry analysts to expand information on global oil supplies as a way to stabilize mercurial oil markets."It's a step in the right direction to have more comprehensive objective-based analysis," said Nansen Salieri, manager of reservoir management for Aramco. "We have overall support for these concepts," he said. Salieri further noted that Aramco would be an advocate for a future global hydrocarbon inventory initiative.Saudi roleSalieri's May 6 comments were precipitated by an Offshore Technology Conference panel discussion in Houston on whether oil reserves are being exhausted sooner than later. Alt...
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