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.

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