Houston, according to Reuters reports, the state-owned oil giant Saudi Arabia Saudi Arabia National Oil Company (Saudi Aramco) is responsible for oil and gas exploration and production operations, senior vice president Amin Nasser5 here on the 5th month that Saudi Arabia's oil production capacity in 6 days 30 months to reach 12.5 million barrels a day.
Nasser was held in Houston in the United States to attend the Maritime Technical Conference (OTC) on the media during a press made these remarks.
Nasser's spokesman later added that Saudi Arabia's oil output will remain at 800 million barrels, Saudi Arabia, there is no further reduction of the idea of oil production.
Nasser said that the plan to be completed in June of all the oil field development project will be completed on schedule, including Hu, Rice fields, Nuayyim and Shaybah oil field, the three oil development projects in Saudi Arabia will increase in 1.45 million barrels of oil production capacity, and the Hu Rice alone oil field development project will be an additional 120 million barrels of oil production capacity.
Nasser said, adding that 1.2 million barrels per day production capacity, Saudi Arabia's oil production in the June 30 will be more than 12.5 million barrels a day. However, Nasser said, some of which can increase the production capacity elsewhere to make up for the decline.
Nasser added that the world's marginal oil (such as deep-sea oil or tar sands) will require the continued development of the oil price 70 U.S. dollars a barrel.
Source: www.in-en.com May. 7, 2009
