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THE PRODUCTIONCAPACITY CHALLENGEIn recent years, world demand for petroleum has continuedto grow, but investments in production and processing capacityand distribution networks have not kept pace, straining worldenergy markets. <strong>Saudi</strong> <strong>Aramco</strong> stands out in this regard —we have committed ourselves to the largest expansionprogram in our history.By 2009, we will increase our maximum crude oilproduction capability by some 3 million barrels per day,roughly a 20 percent increase over our current capability.These new crude oil producing and processing facilitieswill supply the lighter crude grades most in demand,helping to stabilize global markets and meet growingconsumer needs in the mid-term. New productionincrements envisioned for development after the endof this decade will tap some of the Kingdom's heaviercrude reserves.One of the central components of our expansion is ourdrilling program. At a time when worldwide demandfor drilling rigs is at historic highs, we increased ourdrilling rig count by 26 percent, from 90 to 113 rigs.This total rig count comprised six exploration rigs and75 development rigs (65 onshore and 10 offshore). Inaddition, we deployed 32 workover rigs (24 onshoreand eight offshore). We drilled 368 new developmentand 13 exploration wells, and performed 206 re-entriesand 136 workovers.More than 80 percent of all wells drilled in 2006 werehorizontal wells with either single or multiple laterals.Crude oil increment drilling continued throughout theyear, including the completion of 73 wells for the Haradh-III increment, 28 of which were MRCs. Drilling for theAFK increment continued with 54 wells. We began drillingfor three other crude oil increments in 2006: Khurais,Shaybah and Nuayyim. The Hawiyah gas increment drillingprogram was initiated, with 32 wells planned.The Haradh-III Increment came on-stream in January2006, five months ahead of schedule, adding 300,000bpd of Arabian Light crude oil production capacity toGhawar, the world’s largest oil field, and 140 millionscfd of associated gas. Haradh Gas-Oil Separation Plant3 is the first plant in our Southern Area to have completelyautomated well control and monitoring, allowing remoteoperations.The Haradh-III project benefited from successfulintegration of four technologies: MRCs; Intelligent Wellcompletions (using control valves for preventing prematurewater breakthrough); geosteering (for optimal placementof wells in the reservoir for maximum recovery); andthe i-Field concept, in which real-time subsurfacedata transmissions enable continual monitoring ofkey reservoir indicators.22 SAUDI ARAMCO
WE CURRENTLY HAVE HALF A DOZEN MAJOR CRUDE OIL INCREMENTS AT VARIOUS STAGES OFDEVELOPMENT. BY THE END OF 2009, OUR MAXIMUM SUSTAINED PRODUCTION CAPABILITYWILL REACH 12 MILLION BPD.ANNUAL REVIEW 2006 23
Page 1 and 2: ANNUAL REVIEW 2006taking the initia
Page 3 and 4: 4 Key Figures6 Chairman’s Message
Page 5 and 6: His Royal Highness Amir Sultan Ibn
Page 7 and 8: BOARD OF DIRECTORSFront Row (left t
Page 9: PRESIDENT’S FOREWORDjobs, whateve
Page 12 and 13: TAKING THE INITIATIVEThe challenges
Page 15: World demand for oil is projectedto
Page 18 and 19: THE RESERVES CHALLENGEMAJOR GAS DIS
Page 20 and 21: THE RESERVES CHALLENGEBlock A: LUKO
Page 22 and 23: POWERING THE PLANET, EMPOWERING LIV
Page 26 and 27: THE PRODUCTION CAPACITY CHALLENGEAv
Page 28 and 29: THE PRODUCTION CAPACITY CHALLENGETO
Page 32 and 33: THE DOWNSTREAMCHALLENGEThe petroleu
Page 34 and 35: THE DOWNSTREAM CHALLENGEA proposed
Page 36 and 37: THE DOWNSTREAM CHALLENGEHawiyah Gas
Page 40 and 41: THE HUMANRESOURCES CHALLENGEAchievi
Page 42 and 43: THE HUMAN RESOURCES CHALLENGEOTHER
Page 46 and 47: THE COMMUNITYCHALLENGEAll efforts t
Page 48 and 49: THE COMMUNITY CHALLENGEWe also work
Page 52 and 53: SAUDI ARAMCO BY THE NUMBERSRECOVERA
Page 54 and 55: SAUDI ARAMCO BY THE NUMBERSDOMESTIC
Page 56 and 57: CRUDE OIL, NATURAL GAS & REFINED PR
Page 58 and 59: SAUDI ARAMCO BY THE NUMBERSWORKFORC
Page 60 and 61: INTERNATIONAL OPERATIONS5NORTH7 6AM
Page 62 and 63: FROM OUR HEADQUARTERS IN DHAHRAN, A
Page 64: www.saudiaramco.com

1 MB pdf - Saudi Aramco

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