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Tuesday, 02 December, 2008, 03:30 GMT | more >>

Aramco on track at Khursaniyah



By Upstream staff 

Saudi Arabia is on track to complete the Khursaniyah project - which will add about 500,000 barrels per day of light crude to world supplies - in December, state-run giant Saudi Aramco said today.

"Khursaniyah is on schedule for completion in December 2007," a Saudi Aramco spokesman told Reuters.

The development will also pump about 300 million cubic feet per day of associated gas, he added.

The plan includes the construction of a new gas facility that would eventually boost gas processing at Khursaniyah to 1 billion cubic feet per day.

Saudi Arabia accelerated its oilfield expansion plans to maintain spare capacity of between 1.5 million to 2 million bpd to meet growing demand or cover unexpected shortfalls in global supply. It cut preliminary work at Khursaniyah to eight months from 20 months as part of that plan.

The kingdom's current output is around 8.57 million bpd.

The Khursaniyah project includes the development of the Abu Hadriyah and Al-Fadli fields in eastern Saudi Arabia.


Wednesday, 04 July, 2007, 12:10 GMT  | last updated: Thursday, 02 August, 2007, 07:00 GMT

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