Setting New Standards

Transcription

1 Setting New Standards Our Legacy, Our Future Facts & Figures 2008

2 Setting new standards for 75 years

3 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.

4 Key Figures Oil reserves & production Crude oil and condensate reserves billion barrels Crude oil production (average per day) million barrels Crude oil production (annual) billion barrels Gas reserves & production Gas reserves trillion cubic feet Gas production (raw gas to gas plants, average per day) billion cubic feet Gas production (raw gas to gas plants, annual) trillion cubic feet Natural Gas Liquids (NGL) NGL production (average per day) million barrels NGL production (annual) million barrels 2

5 New discoveries Oil fields... Niyashin Gas fields... Rabib, Arabiyah Wells completed Oil exploration Gas exploration Oil development Gas development Workovers Oil workovers Gas workovers... 8 Water workovers

6 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

7 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

8 On November 1, 2008, the company completed its first giga-cell (1 billion cells) reservoir simulation run. The achievement was made using GigaPOWERS, the nextgeneration 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 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 discovered. 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: 6 The Khurais development will add 1.2 million barrels per day (bpd) of Arabian Light crude-oil production

9 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

10 The Nuayyim crude-oil increment will use the stateof-the-art Intelligent Field approach to streamline reservoir management processes and facilitate realtime decision making. The increment will have the capacity to produce 100,000 bpd of sweet Arabian Super Light crude oil. 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

11 Domestic Operations Turaif Tabuk al-jawf Duba Safaniyah Yanbu' Qasim Riyadh Jubail Ju'aymah Ras Tanura Qatif Dhahran al-hasa Rabigh Thuwal Jiddah SAUDI ARABIA al-sulayyil Abha Najran Jaizan Saudi Aramco Refinery Joint Venture Refinery Terminal Bulk Plant Integrated Refinery & Petrochemical Plant KAUST: King Abdullah University of Science and Technology 9

12 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. CURAÇAO Bolanter Corp. N.V., Pandlewood Corp. N.V. SOUTH AMERICA 10

13 LEIDEN Aramco Overseas Co. B.V. EGYPT Sumed Arab Petroleum Pipelines Co. YANBU' Saudi Aramco Mobil Refinery Co. Ltd. Marafiq AL-KHAFJI Aramco Gulf Operations Co. Ltd. JUBAIL Saudi Aramco Shell Refinery Co. Marafiq BEIJING Saudi Petroleum Ltd. SEOUL S-Oil Corporation Aramco Overseas Co. B.V. TOKYO Saudi Petroleum Ltd. Aramco Overseas Co. B.V. Showa Shell Sekiyu K.K. EUROPE ASIA SHANGHAI Aramco Overseas Co. B.V. AFRICA JIDDAH Luberef, Jiddah Oil Refinery Co. RABIGH Petro Rabigh ROTTERDAM Texaco Esso AOC Maatschap TEAM Terminal B.V. Texaco AOC Pumpstation Maatschap DUBAI Vela International Marine Limited AUSTRALIA SINGAPORE Saudi Petroleum Ltd. KUALA LUMPUR Aramco Overseas Co. B.V. FUJIAN FREP, SSPC HONG KONG Aramco Overseas Co. B.V. Saudi Aramco Sino Co. DHAHRAN Saudi Aramco Headquarters Marafiq: FREP: SSPC: Electricity and Water Utility for Juabil and Yanbu' Fujian Refining and Petrochemical Co. Ltd. Sinopec SenMei (Fujian) Petroleum Co. Ltd. 11

14 Saudi Aramco by the Numbers Recoverable Crude Oil & Condensate Reserves (billions of barrels) Recoverable Gas Reserves: Associated & Non-Associated (trillions of cubic feet)

15 Saudi Aramco Production, (billions of barrels) Crude Oil Refined Products

16 Saudi Aramco by the Numbers Crude Oil Production (millions of barrels per day) Crude Oil Production (billions of barrels per year)

17 Raw Gas to Gas Plants (billions of scfd)

18 Saudi Aramco by the Numbers Delivered Sales Gas (trillions of BTUs per day) Delivered Ethane Gas (trillions of BTUs per day)

19 NGL from Hydrocarbon Gases (millions of barrels) Sulfur Recovery (millions of metric tons)

20 Saudi Aramco by the Numbers Domestic Refining Capacities (thousands of barrels per day) Ras Tanura 550 Yanbu' 237 Riyadh 122 Jiddah 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

21 Domestic Joint & Equity Venture Refining Capacities (thousands of barrels per day) SAMREF 400 (50%*) Petro Rabigh 385 (37.5%*) SASREF 305 (50%*) * Saudi Aramco ownership SAMREF - Saudi Aramco Mobil Refinery Co. Ltd., Yanbu' SASREF - Saudi Aramco Shell Refinery Co., Jubail 19

22 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%*) * Saudi Aramco affiliate ownership Showa Shell Sekiyu K.K. FREP - Fujian Refining and Petrochemical Company Ltd. Total international equity and joint venture refining capacity: Total worldwide refining capacity (company-owned/operated and equity and joint ventures): 2.15 million barrels per day 20

23 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

24 Saudi Aramco by the Numbers Saudi Aramco Exports, (barrels) Year Crude Oil Refined Products NGL* ,357,921, ,047, ,929, ,479,269, ,648, ,984, ,622,997, ,589, ,485, ,541,692, ,985, ,374, ,407,956, ,010, ,713, ,509,577, ,088, ,925,306 * Natural gas liquids comprising propane, butane, condensate and natural gasoline 22

25 2008 Exports by Region (barrels) CRUDE OIL Far East: 52.7% Europe: 5.2% US: 20% Other: 15.1% Mediterranean: 7.0% REFINED PRODUCTS Far East: 53.4% Europe: 8.2% US: 1.4% Other: 29.6% Mediterranean: 7.4% 23

26 Saudi Aramco by the Numbers 2008 Exports by Region (barrels) NGL* Far East: 45.6% Europe: 1.3% US: 1.2% Other: 46.5% Mediterranean: 5.4% * includes sales on behalf of SAMREF & SASREF 24

27 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* Iran Iraq Kuwait UAE Venezuela Russia * Source: Saudi Aramco

28 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 Iran Qatar S. Arabia* UAE US Nigeria 1, * Source: Saudi Aramco

29 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 December 31, 2008 Saudi: 47,502 Expatriate: 6,939 Total: 54,441 27

30 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 plus 100 apprentices at SASREF 2. excluding College Preparatory Program 28

31 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

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