FACTS & FIGURES taking the initiative

Transcription

1 FACTS & FIGURES 2006 taking the initiative

2 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

3 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.

4 KEY FIGURES Oil reserves and production Recoverable crude oil 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 Gas production (DAILY) Gas production (ANNUAL) trillion cubic feet 8.22 billion cubic feet 3.00 trillion cubic feet Natural gas liquids (NGL) NGL production (DAILY) NGL production (ANNUAL) 1.1 million barrels 399 million barrels 2 SAUDI ARAMCO

5 New discoveries Gas fields Zimlah, Kassab, Nujayman Wells completed New oil wells New gas wells Total recompletions onshore, 39 offshore onshore, 0 offshore 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

6 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 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

7 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

8 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 SAUDI ARAMCO

9 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

10 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 The second increment, Haradh GOSP-2, was commissioned in April Haradh GOSP-3 Production: 300,000 bpd Arabian Light crude oil; 140 million scfd associated gas. 8 SAUDI ARAMCO

11 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 highvalue 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

12 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

13 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 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

14 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 valueadded goods and products for export, further diversifying the domestic economy. Production: 2.5 million tons of petrochemical derivatives; high quality fuels. 12 SAUDI ARAMCO

15 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 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

16 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

17 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

18 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

19 2011 Manifa START-UP DATE: mid-2011 The fifth-largest crude oil field in the world, Manifa was originally discovered in 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. Production: 900,000 bpd Arabian Heavy crude oil; 105 million scfd of sour associated gas. Export Refineries START-UP DATE: second half of 2011 In May 2006, separate Memoranda of Understanding were signed with ConocoPhillips and Total for the development of export refineries in Yanbu' and Jubail, respectively. These refineries will be designed to refine heavy, sour crude into products that meet current and future U.S. and European specifications. Production: 400,000 bpd each. FACTS & FIGURES

20 INTERNATIONAL OPERATIONS NORTH AMERICA ATLANTIC OCEAN 4 PACIFIC Saudi Aramco OCEAN Headquarters, DHAHRAN KEY TO MAP BEGINS ON PAGE 20 SOUTH AMERICA 18 SAUDI ARAMCO

21 5 6 7 EUROPE ASIA AFRICA INDIAN OCEAN AUSTRALIA FACTS & FIGURES

22 INTERNATIONAL OPERATIONS 1. HOUSTON Aramco Services Co. Saudi Refining Inc. Aramco Associated Co. Motiva Enterprises LLC. 2. NEW YORK Saudi Petroleum International, Inc. 3. BERMUDA Stellar Insurance Ltd. 4. CURAÇAO Bolanter Corp. N.V. Pandlewood Corp. N.V. 5. LONDON Saudi Petroleum Overseas Ltd. 6. ROTTERDAM Texaco Esso AOC Maatschap TEAM Terminal B.V. Texaco AOC Pumpstation Maatschap 7. LEIDEN Aramco Overseas Co. B.V. 8. EGYPT Sumed Arab Petroleum Pipelines Co. 9. RABIGH PetroRabigh 10. YANBU' Saudi Aramco Mobil Refinery Co. Ltd. 11. JIDDAH Luberef, Petrolube, Jiddah Oil Refinery Co. 20 SAUDI ARAMCO

23 12. DUBAI Vela International Marine Limited 13. JUBAIL Saudi Aramco Shell Refinery Co. 14. AL-KHAFJI Aramco Gulf Operations Co. Ltd. 15. BEIJING Saudi Petroleum Ltd. Aramco Overseas Co. B.V. 16. SHANGHAI Aramco Overseas Co. B.V. 17. SEOUL S-Oil Corporation 18. TOKYO Saudi Petroleum Ltd. Aramco Overseas Co. B.V. Showa Shell Sekiyu K.K. 19. HONG KONG Aramco Overseas Co. B.V. 20. MANILA Petron Corporation 21. SINGAPORE Saudi Petroleum Ltd. 22. KUALA LUMPUR Aramco Overseas Co. B.V. FACTS & FIGURES

24 DOMESTIC OPERATIONS Turaif Tabuk al-jawf Duba Qasim Safaniyah Qatif Jubail Ju aymah Ras Tanura Yanbu Riyadh al-hasa Dhahran Rabigh Jiddah al-sulayyil Abha Jaizan Najran 22 SAUDI ARAMCO

25 SAUDI ARAMCO BY THE NUMBERS RECOVERABLE CRUDE OIL AND CONDENSATE (billions of barrels) FACTS & FIGURES

26 SAUDI ARAMCO BY THE NUMBERS RECOVERABLE GAS: ASSOCIATED & NON-ASSOCIATED (trillions of scf) SAUDI ARAMCO

27 SAUDI ARAMCO BY THE NUMBERS SAUDI ARAMCO PRODUCTION, (billions of barrels) Crude Refined Year Oil Products FACTS & FIGURES

28 SAUDI ARAMCO BY THE NUMBERS CRUDE OIL PRODUCTION ANNUAL (billions of barrels) DAILY (millions of barrels) SAUDI ARAMCO

29 SAUDI ARAMCO BY THE NUMBERS RAW GAS TO GAS PLANTS (billions of scfd) FACTS & FIGURES

30 SAUDI ARAMCO BY THE NUMBERS DELIVERED SALES GAS & ETHANE GAS (trillions of BTUs per day) SALES GAS ETHANE GAS SAUDI ARAMCO

31 SAUDI ARAMCO BY THE NUMBERS NGL FROM HYDROCARBON GASES (millions of barrels) FACTS & FIGURES

32 SAUDI ARAMCO BY THE NUMBERS SULFUR RECOVERY (millions of metric tons) SAUDI ARAMCO

33 SAUDI ARAMCO BY THE NUMBERS DOMESTIC REFINING CAPACITIES (thousands of barrels per day) Ras Tanura: 550 Riyadh: 120 Jiddah: 88 Yanbu : 235 Rabigh: 400 Saudi Aramco Mobil Refinery Company Ltd. (SAMREF) Yanbu : 400 (Saudi Aramco ownership: 50%) Saudi Aramco Shell Refinery Company (SASREF) Jubail: 305 (Saudi Aramco ownership: 50%) Total domestic refining capacity (including 50-percent share of SAMREF and SASREF): 1,745,500 FACTS & FIGURES

34 SAUDI ARAMCO BY THE NUMBERS INTERNATIONAL EQUITY AND JOINT VENTURES REFINING CAPACITIES (thousands of barrels per day) Motiva: 725 (*50%) S-Oil: 525 (*35%) Showa Shell Sekiyu K.K.: 515 (*14.96%) Petron: 180 (*40%) * Saudi Aramco ownership Total international equity and joint venture refining capacity: 1,945,000 bpd Total worldwide refining capacity (company-owned/operated and equity and joint ventures): 3,690,500 bpd 32 SAUDI ARAMCO

35 SAUDI ARAMCO BY THE NUMBERS SHIP CALLS AT SAUDI ARAMCO TERMINALS CRUDE OIL PRODUCTS LPG ,913 1,876 2,145 1,417 1,958 1,809 Exports from Ras Tanura, Ju aymah and Yanbu'. Transfers at Jiddah, Rabigh Yanbu' and coastal bulk plants FACTS & FIGURES

36 SAUDI ARAMCO BY THE NUMBERS SAUDI ARAMCO EXPORTS, (barrels) Crude Refined Year Oil Products NGL* ,541,692, ,985, ,374, ,622,997, ,589, ,485, ,479,269, ,648, ,984, ,357,921, ,047, ,929, ,897,875, ,084, ,265, ,178,362, ,281, ,072,047 *Natural gas liquids comprising propane, butane, condensate and natural gasoline 34 SAUDI ARAMCO

37 SAUDI ARAMCO BY THE NUMBERS 2006 EXPORTS BY REGION (barrels) CRUDE: Far East: 51.6% Europe: 6.6% Mediterranean: 8.4% USA: 19.2% Other: 14.2% REFINED PRODUCTS: Europe: 8.6% USA: 4.3% Other: 25% Far East: 54.4% Mediterranean: 7.7% FACTS & FIGURES

38 SAUDI ARAMCO BY THE NUMBERS 2006 EXPORTS BY REGION (continued) (barrels) NGL*: Far East: 52.9% Europe: 2% Mediterranean: 6.3% USA: 2.1% Other: 36.7% * includes sales on behalf of SAMREF & SASREF 36 SAUDI ARAMCO

39 SAUDI ARAMCO BY THE NUMBERS ESTIMATED WORLDWIDE CRUDE OIL RESERVES AS OF JANUARY 1, 2007 Source: Oil & Gas Journal CONVENTIONAL CRUDE OIL RESERVES (billion barrels) S. Arabia* Iran Iraq Kuwait UAE Venezuela Russia * Source: Saudi Aramco actual FACTS & FIGURES

40 SAUDI ARAMCO BY THE NUMBERS ESTIMATED WORLDWIDE GAS RESERVES AS OF JANUARY 1, 2007 Source: Oil & Gas Journal NATURAL GAS RESERVES (trillion cubic feet) Russia Iran Qatar S. Arabia* UAE USA Nigeria , * Source: Saudi Aramco actual 38 SAUDI ARAMCO

41 SAUDI ARAMCO BY THE NUMBERS CLASSIFICATION OF SAUDI CRUDE Arabian Super Light (ASL) / API > 40 Arabian Extra Light (AXL) / API Arabian Light (AL) / API Arabian Medium (AM) / API Arabian Heavy (AH) / API < 29 WORKFORCE AS OF 12/31/2006 Saudi: 44,702 Expat: 6,654 Total: 51,356 FACTS & FIGURES

42 SAUDI ARAMCO BY THE NUMBERS SAUDI DEVELOPMENT PROGRAMS Number enrolled at year-end 2006 Two-year apprenticeship 1 5,369 College Degree Program (CDPNEs) Summer Programs 2,640 Co-op Students 376 Four-year college degree 978 College Preparatory Program 308 Associate Degree Program 17 Advanced degree 158 Advanced medical / dental 40 Two-year technical diploma including 282 for PetroRabigh 2. excluding College Preparatory Program 40 SAUDI ARAMCO

43 This booklet is printed on paper manufactured from a mixture of fibers including post-consumer recycled paper.

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