49 comments on Another look at the Kingdom of Saudi Arabia
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49 comments on Another look at the Kingdom of Saudi Arabia
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Thanks for the list - though I would point out that it was given in 2006, and that the Khursaniyah development that was supposed to be on line last June is now projected for the end of next month, which with the slippage of the other projects, is moving away the potential for increased production. Their target, bear in mind, from that document, was that they would be able to develop a sustained production of 12 mbd this year. The slippage in production that we are now seeing suggests that they will not be able to come up to that number.
My point is that we don't know what the numbers that they give out mean. So they project 1.2 MBD from Khurais. When they announced that number, they had not done a 3D Seismic survey. Will it ever produce that? Well, maybe not, but it has the "capacity". And capacity always comes in blocks of 100,000 barrels/day, never mind the geology.