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OTC: Saudi Aramco emphasizing exploration, natural gas

05/10/2010
By Bob Tippee
Saudi Aramco is shifting its upstream emphasis to exploration and natural gas development after adding 2 million b/d to oil production capacity during 2004-09, according to Zuhair Al-Hussain, vice-president, drilling and workovers.Al-Hussain said at the Offshore Technology Conference that the company plans to increase total raw-gas plant capacity to 15.5 bcfd by the end of 2014 from the present 11.2 bcfd.Gas production will start soon from three recent discoveries in the Persian Gulf.Karan field will come on stream in 2011 at about 500 MMcfd, Al-Hussain said. Its output will increase to 2.8 bcfd in 2013.The other two offshore discoveries, Hasbah and Arabiyah fields, will produce a combine...
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