Setting New Standards Our Legacy, Our Future
Facts & Figures 2008 Setting new standards for 75 years Contents
Key Figures 2 Setting New Standards 4 Domestic Operations 9 International Operations 10 Saudi Aramco by the Numbers 12
Abbreviations used in this booklet: bpd - barrels per day scfd - standard cubic feet per day LPG - liquefied petroleum gas NGL - natural gas liquids tpy - tons per year
© Copyright 2009 Saudi Aramco. All rights reserved. Key Figures
Oil reserves & production Crude oil and condensate reserves...... 259.9 billion barrels Crude oil production (average per day)...... 8.9 million barrels Crude oil production (annual) ...... 3.2 billion barrels
Gas reserves & production Gas reserves ...... 263 trillion cubic feet Gas production (raw gas to gas plants, average per day) ...... 8.3 billion cubic feet Gas production (raw gas to gas plants, annual) ...... 3.0 trillion cubic feet
Natural Gas Liquids (NGL) NGL production (average per day).. 1.0 million barrels NGL production (annual)...... 402.2 million barrels
2 New discoveries Oil fields ...... Niyashin Gas fields...... Rabib, Arabiyah
Wells completed Oil exploration ...... 11 Gas exploration ...... 12 Oil development ...... 396 Gas development...... 78
Workovers Oil workovers...... 113 Gas workovers...... 8 Water workovers...... 55
3 Setting New Standards
In 2008, we not only celebrated the 75th anniversary of the signing of the historic concession agreement between the Saudi government and Standard Oil of California that occurred on May 29, 1933, but we were also busy setting new standards in many areas throughout the company. For instance:
4 A patent was issued in 2008 for a real-time earth model for collaborative geosteering, and another for a comprehensive reporting and control matrix for the management of our pipeline system.
We conducted the first successful laboratory demonstration of the injection of nano-particles into reservoir rocks, and the recovery of the nano-particles at rates comparable to field conditions and at low concentration. For the reservoir robots (Resbots) concept, EXPEC ARC won the prestigious New Horizons Idea Award at the 2008 World Oil Awards.
5 On November 1, 2008, the company completed its first giga-cell (1 billion cells) reservoir simulation run. The achievement was made using GigaPOWERS, the next- generation parallel reservoir simulator developed by Saudi Aramco.
We successfully completed the first casing-while-drilling project in Saudi Arabia in 2008, and we installed our first nonmetallic piping in two sour-crude oil pipelines that connect ‘Ain Dar GOSPs with Abqaiq Plants.
Long-term tests in whole crude oil desulfurization began in early 2008. And we have deployed bacteria operationally as part of a Nitrate Treatment in the Hawtah oil field, thereby controlling a sulfide problem in an environmentally friendly fashion.
In 2008, two offshore nonassociated gas fields (Rabib and Arabiyah) and one oil field (Niyashin) were dis- covered.
We continued to set new standards by moving forward with the largest capital expansion program in our history. In 2008, we made significant progress on the following oil-production capacity increments:
The Khurais development will add 1.2 million barrels per day (bpd) of Arabian Light crude-oil production 6 capacity and also dehydrate 320 million standard cubic feet per day (scfd) of gas and produce 80,000 bpd of NGL. Khurais is the largest integrated oil project in company history.
The Khursaniyah facilities are designed to process and stabilize 500,000 bpd of Arabian Light crude oil blend from the Abu Hadriya, Fadhili and Khursaniyah fields.
The Shaybah expansion will increase production capacity at Shaybah from 500,000 bpd to 750,000 bpd of Arabian Extra Light crude oil — expanding one of the company’s most unique and iconic projects.
7 The Nuayyim crude-oil increment will use the state- of-the-art Intelligent Field approach to streamline reservoir management processes and facilitate real- time decision making. The increment will have the capacity to produce 100,000 bpd of sweet Arabian Super Light crude oil. D
The offshore Manifa project will add 900,000 bpd of Arabian Heavy crude oil production capacity, 90 million scfd of associated gas and 65,000 bpd of condensate. The project’s unusually shallow offshore site requires significant environmental-protection measures.
8 Domestic Operations
Turaif
al-Jawf
Tabuk
Duba Safaniyah
Jubail Ju'aymah Qasim Ras Tanura Qatif Dhahran al-Hasa Yanbu' Riyadh
Rabigh
Thuwal SAUDI ARABIA
Jiddah al-Sulayyil
Abha Najran
Jaizan
Saudi Aramco Refinery Integrated Refinery & Petrochemical Plant Joint Venture Refinery KAUST: King Abdullah University of Terminal Science and Technology Bulk Plant 9 International Operations LONDON Saudi Petroleum Overseas Ltd. Aramco Overseas Co. B.V.
NEW YORK Saudi Petroleum International, Inc.
BERMUDA Stellar Insurance Ltd. NORTH AMERICA
HOUSTON Aramco Services Co. Saudi Refining Inc. Aramco Associated Co. Motiva Enterprises LLC.
WASHINGTON, D.C. Aramco Services Co.
SOUTH AMERICA CURAÇAO Bolanter Corp. N.V., Pandlewood Corp. N.V.
10 LEIDEN AL-KHAFJI BEIJING Aramco Overseas Co. B.V. Aramco Gulf Saudi Petroleum Ltd. Operations Co. Ltd. EGYPT SEOUL Sumed Arab JUBAIL S-Oil Corporation Petroleum Pipelines Co. Saudi Aramco Aramco Overseas Co. B.V. Shell Refinery Co. YANBU' Marafiq TOKYO Saudi Aramco Mobil Saudi Petroleum Ltd. Refinery Co. Ltd. Aramco Overseas Co. B.V. Marafiq Showa Shell Sekiyu K.K.
EUROPE ASIA
SHANGHAI Aramco Overseas Co. B.V.
FUJIAN AFRICA DUBAI FREP, SSPC Vela International Marine Limited HONG KONG Aramco JIDDAH Overseas Co. B.V. Luberef, Jiddah Oil AUSTRALIA Saudi Aramco Refinery Co. Sino Co. RABIGH SINGAPORE Petro Rabigh Saudi Petroleum Ltd. ROTTERDAM Texaco Esso AOC Maatschap TEAM Terminal B.V. KUALA LUMPUR Texaco AOC Pumpstation Maatschap Aramco Overseas Co. B.V.
Marafiq: Electricity and Water Utility for Juabil and Yanbu' DHAHRAN FREP: Fujian Refining and Petrochemical Co. Ltd. 11 Saudi Aramco Headquarters SSPC: Sinopec SenMei (Fujian) Petroleum Co. Ltd. Saudi Aramco by the Numbers
Recoverable Crude Oil & Condensate Reserves (billions of barrels)
2008 259.9
2007 259.9
2006 259.9
2005 259.8
2004 259.7
0 100 200 300
Recoverable Gas Reserves: Associated & Non-Associated (trillions of cubic feet)
2008 263.0
2007 253.8
2006 248.5
2005 239.5
2004 237.0
0 100 200 300 12 Saudi Aramco Production, 1998 – 2008 (billions of barrels) 3.2 2008 0.57
3.1 2007 0.57
3.3 2006 0.59
3.3 2005 0.59
3.1 2004 0.57
3.0 2003 0.52
2.5 2002 0.52
2.8 2001 0.50
2.8 2000 0.50
2.7 1999 0.47
2.9 1998 Crude Oil 0.47 Refined Products 0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 13 Saudi Aramco by the Numbers
Crude Oil Production (millions of barrels per day)
2008 8.9
2007 8.5
2006 8.9
2005 9.1
2004 8.6
0510
Crude Oil Production (billions of barrels per year)
2008 3.2
2007 3.1
2006 3.3
2005 3.3
2004 3.1
024 14 Raw Gas to Gas Plants (billions of scfd)
2008 8.3
2007 7.9
2006 8.2
2005 7.8
2004 7.3
0 3 6 9
15 Saudi Aramco by the Numbers
Delivered Sales Gas (trillions of BTUs per day)
2008 6.6
2007 5.9
2006 5.8
2005 5.5
2004 5.0
07
Delivered Ethane Gas (trillions of BTUs per day)
2008 1.0
2007 1.0
2006 1.0
2005 1.0
2004 0.9
0 0.5 1 16 NGL from Hydrocarbon Gases (millions of barrels)
2008 402.2
2007 394.6
2006 399.0
2005 400.4
2004 387.3
0 150 300 450
Sulfur Recovery (millions of metric tons)
2008 3.1
2007 3.1
2006 2.9
2005 2.7
2004 2.2
024 17 Saudi Aramco by the Numbers
Domestic Refining Capacities (thousands of barrels per day)
Ras Tanura 550
Yanbu' 237
Riyadh 122
Jiddah 85
0 200 400 600
Total domestic refining capacity (including 50% share of SAMREF and SASREF and 37.5% share of Petro Rabigh): 1.49 million barrels per day
18 Domestic Joint & Equity Venture Refining Capacities (thousands of barrels per day)
SAMREF 400 (50%*)
Petro Rabigh 385 (37.5%*)
SASREF 305 (50%*)
0 100 200300 400
* Saudi Aramco ownership
SAMREF - Saudi Aramco Mobil Refinery Co. Ltd., Yanbu' SASREF - Saudi Aramco Shell Refinery Co., Jubail
19 Saudi Aramco by the Numbers
International Equity and Joint Ventures Refining Capacities (thousands of barrels per day)
Motiva 740 (50%*)
S-Oil 565 (35%*)
Showa Shell 515 (14.96%*)
FREP 80 (25%*)
0 200 400 600 800
* Saudi Aramco affiliate ownership
Showa Shell Sekiyu K.K. FREP - Fujian Refining and Petrochemical Company Ltd.
Total international equity and joint venture refining capacity: 644.79 Total worldwide refining capacity (company-owned/operated and equity and joint ventures): 2.15 million barrels per day
20 Ship calls at Saudi Aramco terminals
Total ship calls: 3,704
Ship calls by product type: • Crude oil: 2,029 • Products: 1,329 • LPG: 346
Exports from Ras Tanura, Ju'aymah and Yanbu'.
Transfers at Jiddah, Rabigh, Yanbu' and coastal bulk plants.
21 Saudi Aramco by the Numbers
Saudi Aramco Exports, 2003 – 2008 (barrels)
Year Crude Oil Refined Products NGL*
2003 2,357,921,983 158,047,102 265,929,431
2004 2,479,269,999 191,648,785 273,984,183
2005 2,622,997,627 201,589,157 289,485,392
2006 2,541,692,569 183,985,356 285,374,991
2007 2,407,956,412 136,010,203 286,713,775
2008 2,509,577,626 132,088,155 283,925,306
* Natural gas liquids comprising propane, butane, condensate and natural gasoline
22 2008 Exports by Region (barrels)
CRUDE OIL • Far East: 52.7% • Europe: 5.2% • Mediterranean: 7.0% • US: 20% • Other: 15.1%
REFINED PRODUCTS • Far East: 53.4% • Europe: 8.2% • Mediterranean: 7.4% • US: 1.4% • Other: 29.6%
23 Saudi Aramco by the Numbers
2008 Exports by Region (barrels)
NGL* • Far East: 45.6% • Europe: 1.3% • Mediterranean: 5.4% • US: 1.2% • Other: 46.5%
* includes sales on behalf of SAMREF & SASREF
24 Estimated Worldwide Crude Oil and Gas Reserves as of January 1, 2009 Source: Oil & Gas Journal
Conventional Crude Oil Reserves (billions of barrels)
S. Arabia* 259.9
Iran 138.4
Iraq 115
Kuwait 101.5
UAE 97.8
Venezuela 87
Russia 60
0 100 200 300
* Source: Saudi Aramco
25 Saudi Aramco by the Numbers
Estimated Worldwide Gas Reserves as of January 1, 2009 Source: Oil & Gas Journal
Natural Gas Reserves (trillions of cubic feet)
Russia 1,680
Iran 974
Qatar 910.5
S. Arabia* 263
UAE 214.4 US 204.3 Nigeria 181.9
0 600 1200 1800
* Source: Saudi Aramco
26 Arabian Super Light (ASL): API >40˚ Arabian Extra Light (AXL): API 36-40˚ Arabian Light (AL): API 32-36˚ Arabian Medium (AM): API 29-32˚ Arabian Heavy (AH): API <29˚
Workforce as of December 31, 2008
• Saudi: 47,502 • Expatriate: 6,939 Total: 54,441
27 Saudi Aramco by the Numbers
Saudi Development Programs Number enrolled at year-end 2008
Two-year apprenticeship 1 4,897 College Degree Program (CDPNEs) 2 1,298 Co-op students 117 College Preparatory Program 346 Associate Degree Program Non-Employees 52 Advanced degree 281 Advanced medical/dental 20 Two-year technical diploma 56
1. plus 100 apprentices at SASREF 2. excluding College Preparatory Program
28 “Our legacy is a benchmark against which Saudi Aramco will continue to set new standards of excellence as we respond to the world’s energy needs reliably, responsibly and sustainably.”
Khalid A. Al-Falih President and Chief Executive Officer Saudi Aramco www.saudiaramco.com