12.5M BARRELS!

RIYADH: State oil giant Saudi Aramco said yesterday it had completed drilling on the largest new field in its plan to raise crude capacity to 12.5 million barrels per day (bpd) by the end of this year.

The $10 billion (BD3.78bn) Khurais project is one of the largest ever single additions to global oil production capacity and the largest integrated oilfield project taken on by Aramco to date.


Khurais will add 1.2m bpd to Saudi Arabia’s capacity, which currently stands at around 11.3m bpd. The field will produce Arab Light crude, valued by refiners as relatively easy to convert to transport fuels.

“The drilling was slated to take three years, but improvements in operations and engineering mean the job was done in February – 10 months ahead of schedule,” Aramco said.

Gulf Daily News