Aramco head says technology is key to boosting reserves

09/25/2006
For the oil industry to continue meeting its long-term responsibility of providing energy to the world economies, it needs to continue to identify new oil fields, said Saudi Aramco Pres. and Chief Executive Abdallah S. Jum’ah.This is just one of “five technology targets” critical for the industry to maintain its obligation, said Jum’ah during a panel discussion on technology and future energy supplies at the Third OPEC International Seminar.He believes that industry professionals could find trillions of additional barrels of producible potential through continued technological advances, and challenges the industry to add 1 trillion bbl of oil to world reserves over...
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