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Oil Reserves in Saudi Arabia
- By Oil and Gas Author
- Published 08/30/2006
- Petroleum Pipeline , Offshore Drilling , Oil and Natural Gas Prices , Environment and Pollution , Liquefied Natural Gas LNG , Exploration and Discoveries , Natural Gas Petroleum , Crude Oil Petroleum
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View all articles by Oil and Gas AuthorFor January-July 2005, EIA estimates that Saudi Arabia produced around 10.9 million bbl/d of total Oil -- including Crude Oil, Natural Gas liquids, and "other liquids"oil, and also including half of the Saudi-Kuwaiti Divided Zones 610,000 bbl/d). This was up sharply from Saudi Arabias 8.5 million bbl/d of total oil production in 2002 (see graph). Currently, Saudi Arabia is estimated to be producing around 9.6 million bbl/d of crude oil, Well in excess of its current quota level of 9.099 million bbl/d (effective July 1, 2005). In addition to crude oil, Saudi Arabia produces around 1.3 million bbl/d of natural gas liquids (NGLs) and "other liquids," not subject to OPEC quotas.
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Oil Reserves in Saudi Arabia
