Saudi drilling surge like ‘90s production hike

07/17/2006
A surge of activity in Saudi Arabia brings to mind another impressive mobilization the kingdom undertook when the world needed its oil.The current effort involves the drilling required to push production capacity toward 12 million b/d.Saudi Aramco recently added the 100th rig to its working fleet, which will grow by yearend to 121. In 2004, the fleet had 55 units.The drilling is both onshore and offshore, some exploratory (OGJ Online, Apr. 16, 2006).The 100th rig to join the drilling effort is a refurbished onshore unit, Saudi Aramco Rig 101, which had been out of service since 1999 and partly cannibalized. It was recommissioned at Abqaiq.Aramco calls its current surge “the most agg...
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