Saudi Fields

From: Glenn Morton <glennmorton@entouch.net>
Date: Mon Apr 19 2004 - 06:49:23 EDT

Here is a tidbit from the Aberdeen Scotland Newspaper of a couple of
weeks ago.

"It seems a growing number of analysts are falling into line with the
Simmons & Company International view that Saudi Arabia may be running
out of steam and may not be able to perform the role of global swing
producer for many more years, despite being credited with oil reserves
in the order of 260 billion barrels. The Centre for Global Energy
Studies hinted at the beginning of the year that the kingdom appeared to
be heading for difficulties. Now one of its analysts has said that
having reserves does not equate to production capacity. Citing the
Haradh field, he said it required 500,000 barrels per day of water
injection to get out 300,000 bpd of oil. Moreover the problem is even
more serious in the Khurais field." "Doubts grow about Saudi As Global
Swing Producer," Aberdeen Press & Journal Energy, April 5, 2004, p. 15

Since I am more and more working in the area of reservoir management,
one of the things I have learned is that when you have to inject 500k
barrels of water to get 300k barrels of oil, you will cycle water
through that field like crazy. You won't up the pressure so you are
probably cycling at least 200,000 barrels per day of water through the
field.

        "All production comes from 'very old fields', with no major
exploration success since the 1960s, and almost every field has high and
rising water cut.
        "Saudi Aramco is injecting a staggering 7 million barrels of sea
water per day back into Ghawar, the world's largest oilfield, in order
to prop up pressure. It accounts for 30% of Saudi oil reserves and up to
70% of daily output." "Doubts grow about Saudi As Global Swing
Producer," Aberdeen Press & Journal Energy, April 5, 2004, p. 15
**
Received on Mon Apr 19 06:49:47 2004

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