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Saudi Aramco’s oil output capacity hits 12m bpd end-2018

Saudi Aramco’s oil output capacity hits 12m bpd end-2018
Ghawar field is Aramco’s largest oil field with reserves of 58.32 BBOE

By: El-Sayed Gamal

Riyadh – Mubasher: Saudi Arabian Oil Company, better known as Saudi Aramco, unveiled that its maximum sustainable capacity (MSC) of crude oil stood at 12 million barrels per day (bpd) on average by the end of 2018.  

The Saudi oil giant’s reserves totalled 256.89 billion barrels of oil equivalent (BBOE), along with proved liquids reserves of 226.8 billion barrels, according to a prospectus issued by Aramco.

In addition, Ghawar field is Aramco’s largest oil field with conventional proved reserves amounting to 58.32 BBOE, including 48.25 billion barrels of liquids reserves

Ghawar field has an MSC of 3.8 million bpd of crude oil.

Aramco’s top oil fields also included Safaniyah, Zuluf, Khurais, and Shaybah fields with proved reserves of 34.03 billion, 31.31 billion, 21.4 billion, and 14.86 billion bpd of oil equivalent, respectively.

In February, the Saudi Arabian oil output dropped to 10.136 million bpd, compared to 10.24 million bpd a month earlier.

 

Translated by: Zeinab Adel