[Excerpt: According to Al-Naimi, the oil in Duaiban field is accompanied by three million cubic feet a day of gas. “We expect that the new oil field could produce large quantity of light crude,” the Saudi Press Agency quoted him as saying.]
http://www.arabnews.com/?page=1§ion=0&article=62413&d=19&m=4&y=2005 Kingdom Finds New Oil Field Khalil Hanware, Arab News JEDDAH, 19 April 2005 — A new oil field producing light crude has been found in the center of the Kingdom, Minister of Petroleum and Mineral Resources Ali Al-Naimi announced yesterday. Saudi Aramco found the Duaiban-1 well, which will pump 3,300 barrels per day of sulfur-free crude with an API gravity of 41 degrees, 125 kilometers southeast of the capital Riyadh. According to Al-Naimi, the oil in Duaiban field is accompanied by three million cubic feet a day of gas. “We expect that the new oil field could produce large quantity of light crude,” the Saudi Press Agency quoted him as saying. OPEC sources say the Kingdom is pumping around 9.5 million bpd this month. Production is expected to rise toward the 10 million mark in May, according to industry sources. Al-Naimi said earlier that the Kingdom would pump more crude later this year. “World demand is forecast to grow in the last part of the year, which will necessitate an increase in production. Hence Saudi Arabia will raise its production from the current level later this year,” Al-Naimi said. Riyadh has embarked on an ambitious scheme to boost production capacity, officially pegged at 11 million bpd, to 12.5 million by 2009. Saudi Aramco recently signed contracts with international engineering and construction firms to develop its Khursaniyah oil and gas project and Hawiyah NGL program. Aramco said the Khursaniyah project will add 500,000 barrels of crude oil per day to Saudi Arabia’s production capacity by the end of 2007. The Hawiyah NGL recovery program will produce an additional 310,000 barrels of ethane and NGL products by 2008. enditem ------------------------ Yahoo! Groups Sponsor --------------------~--> Give underprivileged students the materials they need to learn. Bring education to life by funding a specific classroom project. http://us.click.yahoo.com/FHLuJD/_WnJAA/cUmLAA/TySplB/TM --------------------------------------------------------------------~-> -------------------------- Want to discuss this topic? Head on over to our discussion list, [EMAIL PROTECTED] -------------------------- Brooks Isoldi, editor [EMAIL PROTECTED] http://www.intellnet.org Post message: osint@yahoogroups.com Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] *** FAIR USE NOTICE. This message contains copyrighted material whose use has not been specifically authorized by the copyright owner. OSINT, as a part of The Intelligence Network, is making it available without profit to OSINT YahooGroups members who have expressed a prior interest in receiving the included information in their efforts to advance the understanding of intelligence and law enforcement organizations, their activities, methods, techniques, human rights, civil liberties, social justice and other intelligence related issues, for non-profit research and educational purposes only. We believe that this constitutes a 'fair use' of the copyrighted material as provided for in section 107 of the U.S. Copyright Law. If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/osint/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
