SPE: Saudi Aramco aims at sustained deliverability

Contrary to recent speculation about an imminent sharp decline in Saudi Arabian oil production capacity, Nasen G. Saleri, manager-reservoir management of Saudi Aramco, told participants at the Society of Petroleum Engineers Annual Technical Conference and Exhibition in Houston that Saudi Aramco is pursuing a strategy of maintaining low depletion rates in its fields of 1-3%/ year for at least 20-25 years.He added that even the recent increase in production to 10 million b/d from 8.5 million b/d in a 48-hr period was within Saudi Aramco's strict tenets of not producing a field at production drawdowns that could damage a reservoir.Saleri said that Saudi Aramco's current producing cap...

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