Saudi Aramco Delays Production Start From Khursaniya

Jan. 3 (Bloomberg) — Saudi Aramco, the world’s largest state- owned oil company, delayed the start of production from the 500,000 barrel-a-day Khursaniyah field and said it will meet market demand with existing spare capacity.

“Should the need arise prior to the completion of the project, Saudi Aramco stands ready to meet market demands with ample spare capacity, including 1 million barrels of Arab Light crude,” the company said in an e-mailed statement today.


Khursaniyah will commence “upon completion of commissioning activities,” Saudi Aramco said.

The project, which was scheduled to start in December, will produce and process 500,000 barrels a day of Arabian Light crude and 300 million square cubic feet a day of natural gas, according to Saudi Aramco. The program covers the onshore Abu Hadriya, Fadhili and Khursaniyah oil fields near the city of Jubail on Saudi Arabia’s Persian Gulf coast and a gas plant.

Bloomberg