The Oil Drum | On production rates and refinery capacity

82 comments on On production rates and refinery capacity

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MUDLOGGER on April 11, 2006 - 4:26pm

Quack!

Source: 1) A mate in SACo. 2) Recent presentation given at Bahrain. Of course, both could be wrong. But the remarkable headline at the Bahrain conference, was the level of intended expansion to 120 rigs. This did not mention type, or over what period.

My thoughts? If they need to extract heavier oils, then lots of rigs drilling vertically with steam - flushing may be the plan. Bottle brush drilling could be another way to try and ramp up lighter crude reservoirs. Some of these additional rigs may be intended for a major exploration campaign.

BTW: SA is not the only country in the region looking to ramp up the rig count all appear to intend to do so.

Rig builders, Service Companies etc look to be busy for the next few years.

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Heading Out on April 11, 2006 - 5:17pm

Over the lifetime of this site the SA rig targets have gone from 70 to 100 to now 120. However, when I do a quick Google search the first site up has this. from last September.

Yet, little noticed by the outside world, the Saudis are making some bold moves. In recent months, Saudi Aramco, the national oil company, has been rapidly inking deals with drilling rig operators and oil field contractors. Some 70 drilling rigs are now operating in the kingdom, up from 55 in 2004 and about 20 in the mid-1990s.
By next year, Aramco aims to have 110 rigs drilling, although that may be unreachable because of fierce competition for equipment.

The EIA states that by the end of this year they will have 90 operating, doubling the number that were operating in 2004.

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82 comments on On production rates and refinery capacity

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