Aramco F&F Final to AW
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FACTS & FIGURES 2006 taking the initiative Initiative: 1) the action of taking the first step or move; responsibility for beginning or originating. 2) the characteristic of originating new ideas or methods. ABBREVIATIONS USED IN THIS REVIEW: bpd = barrels per day scfd = standard cubic feet per day NGL = natural gas liquids 2 Key Figures 4 Taking the Initiative 8 Projects Timeline 18 International Operations 22 Domestic Operations 23 Saudi Aramco by the Numbers © Copyright 2007 Saudi Aramco. All rights reserved. KEY FIGURES Oil reserves and production Recoverable crude oil 259.9 billion barrels and condensate reserves Crude oil production (DAILY) 8.9 million barrels Crude oil production (ANNUAL) 3.25 billion barrels Gas reserves and production (raw gas to gas plants) Gas reserves 248.5 trillion cubic feet Gas production (DAILY) 8.22 billion cubic feet Gas production (ANNUAL) 3.00 trillion cubic feet Natural gas liquids (NGL) NGL production (DAILY) 1.1 million barrels NGL production (ANNUAL) 399 million barrels 2 SAUDI ARAMCO New discoveries Gas fields Zimlah, Kassab, Nujayman Wells completed New oil wells 333 294 onshore, 39 offshore New gas wells 35 35 onshore, 0 offshore Total recompletions 125 onshore, 47 offshore Workovers Gas wells 5 onshore, 0 offshore Oil wells 126 onshore, 69 offshore Total oil well workovers 195 Total workovers 200 FACTS & FIGURES 2006 3 TAKING THE INITIATIVE According to the International Energy Agency (IEA), global energy demand is projected to increase by more than 50 percent by 2030, with one-fifth of the increase accounted for by transportation, almost entirely in the form of oil-based fuels. Oil will remain the largest single source of fuel, with demand projected to rise from the 2005 rate of 84 million barrels per day (bpd) to 116 million bpd in 2030. As an enterprise, we are committed to playing our part in meeting future demand growth and we’re backing that commitment by embarking on the largest capital program in our history. We currently have half a dozen major crude oil increments at various stages of development, with a total production 4 SAUDI ARAMCO capacity of some 3 million bpd, roughly a 20 percent increase over our current capability. Some of that capacity will offset natural decline, while the remainder will expand our maximum sustained production capability, which by the end of 2009 will reach 12 million bpd. Our slate of mega-projects also will enable us to maintain spare production capacity of 1.5 to 2 million bpd above forecast production, in keeping with the Kingdom's commitment to keep world markets stable. FACTS & FIGURES 2006 5 TAKING THE INITIATIVE The challenges present in the worldwide refining industry also have created a unique set of opportunities for companies willing to seize them. We are expanding our worldwide refining capacity through overseas joint and equity ventures. Domestically, we are preparing to build two new export-oriented refineries. In addition, we are proceeding with the construction of our joint-venture PetroRabigh integrated refining-petrochemical project. We also are currently negotiating with The Dow Chemical Company as a potential partner in a joint venture to construct, own and operate a world-scale chemicals and plastics production complex integrated with our Ras Tanura Refinery. When fully operational, the new petrochemical complex will be one of the largest plastics and chemicals production facilities in the world, well-situated to access most major world markets. The anticipated project start-up date is 2012. 6 SAUDI ARAMCO The PetroRabigh and Ras Tanura integrated refinery projects are the latest chapters in Saudi Aramco’s transformation from a production powerhouse to a fully integrated, international energy enterprise and further evidence of the Kingdom’s efforts to leverage its resources to strengthen and diversify its economy. For the 18th year in a row, Petroleum Intelligence Weekly ranked Saudi Aramco as the No. 1 oil company in the world. We like to think the honor is bestowed not only for our petroleum reserves and production capabilities, but also for our bold actions to meet the growing challenges facing our industry and our world. FACTS & FIGURES 2006 7 PROJECTS TIMELINE 2006 Haradh-III Increment START-UP DATE: January 2006 Haradh is located at the southern tip of Ghawar, the world's largest onshore oil field, and produces Arabian Light crude oil. A project to increase crude oil production capacity involved the construction of three gas-oil separation plants (GOSPs), each with more than 300,000 bpd of production capacity. The first of these increments, Haradh GOSP-1, went on-stream in March 1996. The second increment, Haradh GOSP-2, was commissioned in April 2003. • Haradh GOSP-3 Production: 300,000 bpd Arabian Light crude oil; 140 million scfd associated gas. 8 SAUDI ARAMCO 2007 Hawiyah NGL Recovery Plant START-UP DATE: Fourth quarter 2007 This plant will boost petrochemical feedstock to the industrial cities of Jubail on the Arabian Gulf and Yanbu' on the Red Sea. Increasing the supply of high- value products from the Saudi gas sector is necessary to meet the expanding needs of the Kingdom's petrochemical industry. • Production: 4 billion scfd sales gas; 318,000 bpd NGL. Khursaniyah Development Program The overall Khursaniyah Development Program includes oil production facilities, a grass-roots gas plant, two cogeneration units (each with a capacity of 150 megawatts) as well as water treatment and steam generation facilities to serve the Khursaniyah Producing Facilities and the Khursaniyah Gas Plant. FACTS & FIGURES 2006 9 PROJECTS TIMELINE 2007 Khursaniyah Producing Facilities START-UP DATE: December 2007 Arabian Light crude oil will be produced and treated from three fields: Abu Hadriyah, Fadhili and Khursaniyah. • Production: 500,000 bpd Arabian Light crude oil. Khursaniyah Gas Plant START-UP DATE: December 2007 The gas feed will include associated gas from crude production from the Khursaniyah Producing Facilities increment and other adjacent fields. • Production: designed to process 1 billion scfd of associated gas to produce 550 million scfd sales gas; 290,000 bpd ethane plus NGL. 10 SAUDI ARAMCO 2008 Ju’aymah Gas Plant Expansion START-UP DATE: First quarter 2008 Fractionation capacity will be expanded by almost 50 percent. The plant’s new module is designed to fractionate ethane and NGL streams from Hawiyah NGL Recovery Plant and Khursaniyah Gas Plant. • Production: additional capacity of 260,000 bpd for a total of 815,000 bpd. Hawiyah Gas Plant Expansion START-UP DATE: July 2008 This facility became operational in December 2001. It can process 1.6 billion scfd of raw non-associated gas from wells in the Ghawar field and produce 1.4 billion scfd of sales gas and 170,000 bpd of condensate. • Production: additional capacity of 800 million scfd for a total of 2.4 billion scfd. FACTS & FIGURES 2006 11 PROJECTS TIMELINE 2008 Nuayyim START-UP DATE: December 2008 This oil field was discovered in April 1990, in Central Saudi Arabia south of Riyadh, and produces Arabian Super Light crude. • Production: 100,000 bpd. PetroRabigh Petrochemical Complex START-UP DATE: 2008 This project will transform the Rabigh Refinery into a fully integrated refining and petrochemical complex. The facility will supply petrochemical feedstocks to new industrial clusters which will manufacture value- added goods and products for export, further diversifying the domestic economy. • Production: 2.5 million tons of petrochemical derivatives; high quality fuels. 12 SAUDI ARAMCO 2008 Shaybah Expansion START-UP DATE: December 2008 Located deep in the Rub' al-Khali, the Shaybah facility has delivered 500,000 bpd of Arabian Extra Light crude oil since 1998. Construction of Shaybah GOSP-4 is under way. • Production: additional 250,000 bpd Arabian Extra Light crude oil for a total of 750,000 bpd. FACTS & FIGURES 2006 13 PROJECTS TIMELINE 2008 Yanbu' NGL Plant Expansion START-UP DATE: December 2008 Currently, the plant has an overall fractionation capacity of 390,000 bpd. Detailed engineering design is progressing to increase this capacity by 50 percent. • Production: additional capacity of 195,000 bpd for a total of 585,000 bpd. Yanbu' Gas Plant De-ethanizer Column START-UP DATE: December 2008 This project will increase ethane and NGL processing to help meet the growing demand for feedstock supply. • Production: additional capacity of 185,000 bpd for a total of 550,000 bpd. 14 SAUDI ARAMCO 2009 Khurais START-UP DATE: June 2009 The fourth-largest crude oil field in the world, Khurais is the largest integrated project in Saudi Aramco history. This increment includes production from Abu Jifan and Mazalij fields. Associated facilities include dehydration and compression of 450 million scfd of gas, and expansion of Southern Area seawater injection capacity by 4.5 million bpd. • Production: 1.2 million bpd of Arabian Light crude oil. FACTS & FIGURES 2006 15 PROJECTS TIMELINE 2009 Fujian Integrated Project START-UP DATE: 2009 This proposed project, in cooperation with Fujian Petrochemical Company Ltd. and ExxonMobil, will triple the existing crude capacity of the Fujian refinery in China. The resulting petroleum products will be sold mainly through a marketing joint venture between Saudi Aramco Sino Company Limited (SASCO) (a wholly-owned subsidiary of Saudi Aramco), Sinopec and ExxonMobil. • Production: 240,000 bpd. • Associated facilities: Petrochemical complex. East-West NGL Pipeline Enlargement START-UP DATE: December 2009 Capacity will be increased by 130,000 bpd to accommodate increased NGL production. • Capacity: 550,000 bpd. 16 SAUDI ARAMCO 2011 Manifa START-UP DATE: mid-2011 The fifth-largest crude oil field in the world, Manifa was originally discovered in 1957. New facilities include 25 miles (41 km) of causeway and a 1.9 mile (3 km) bridge to support 27 drilling islands, 11 offshore platforms, an onshore central oil and gas processing facility, water supply wells and injection facilities.