Saudi Arabia’s Manifa project expected to boost oil production

DUBAI, United Arab Emirates: State-run Saudi Arabian Oil Co., or Saudi Aramco, is expected to produce an extra 900,000 barrels a day of crude within four years from its Manifa oil field project, Dow Jones Newswires reported on Thursday.

According to a statement on Aramco’s Web site, plans for developing the Manifa field in the Persian Gulf off the Saudi east coast are “proceeding on schedule” and are expected to be completed in June 2011.


Persian Gulf oil producers have been spending income generated from three years of high oil prices to expand and upgrade their crude oil production capacity to meet rising global demand, in particular from fast-growing Asian economies such as China and India.

The Manifa program is part of Saudi Arabia’s plan to raise production capacity beyond the 12.5 million barrels a day targeted by 2010. The kingdom’s current capacity is just above 11 million barrels a day.

IHT