Saudi Aramco

Saudi Aramco produces and exports more crude oil than any other company. Recent production has averaged some 8 million barrels per day (bpd). That is more than twice the output of the next highest producer and nearly five times greater than the largest U.S. oil company. Saudi Aramco maintains a maximum sustained crude production capacity of 10 million bpd, underscoring its determination to meet customers' requirements.

Saudi Aramco ranks among the top 10 companies in gas production worldwide. The company is also a leader in both the production and export of natural gas liquids (NGL), and a major producer of refined products. The company produces natural gas in association with crude oil and nonassociated gas from deep, independent gas fields. This gas is used as fuel and feedstock for the Kingdom's backbone industries and utilities, and for export and domestic consumption as NGL. A vigorous program is currently under way to expand gas production and processing capabilities to meet increasing demand for gas at home to power the Kingdom's robust domestic economic growth.

Address: PO Box 5000
Dhahran, 31311
Saudi Arabia
Contact: 966-3-874-7400

Recent Articles

Saipem Secures Services Contracts worth almost $700M
Friday, October 09, 2015 Saipem secures new offshore engineering and construction contracts worth almost $700 million.
Saudi Aramco Said to Hire Deutsche Bank for CNPC Deal Talks
Tuesday, October 06, 2015 Saudi Aramco hires Deutsche Bank to advise on the potential acquisition of some marketing, retail and refining assets from CNPC, according to people with knowledge of the matter.
Saudi Aramco Says Amin Nasser Appointed as CEO
Thursday, September 17, 2015 Saudi Aramco's Supreme Council names Amin Nasser as chief executive officer of the state oil company of the world's largest exporter, Aramco says.
Sources: Tecnicas and Petrofac Selected to Build $4.7B Saudi Gas Project
Tuesday, September 15, 2015 Spain's Tecnicas Reunidas and the UK's Petrofac win $4.7 billion of contracts to build the Fadhili gas plant in Saudi Arabia.
Fire at Saudi Oil Workers' Compound Kills 10, Many Injured
Monday, August 31, 2015 Fire swept through an oil workers' residential compound in Saudi Arabia on Sunday, killing 10 people, the Civil Defence agency says.
McDermott Awarded Record Services Contract by Saudi Aramco
Thursday, August 27, 2015 McDermott International is awarded a record lump sum contract by Saudi Aramco for brownfield work in various fields offshore Saudi Arabia.
EMAS AMC-LTHE JV Signs 6 Year Deal with Saudi Aramco for Offshore Work
Wednesday, July 08, 2015 The EMAS AMC-Larsen & Toubro Hydrocarbon Engineering joint venture signs a six year long term agreement with Saudi Aramco for offshore projects in Saudi Arabia.
Russia's Lukoil Says Saudi Aramco Wants to Raise Stake in Luksar
Wednesday, June 24, 2015 Saudi Aramco wants to raise its share in Luksar, a joint venture with Russia's Lukoil, to 50%, according to the chief executive of the Russian company.
Wood Group Clinches Offshore Contract from Saudi Aramco
Friday, June 19, 2015 Wood Group clinches offshore contract from Saudi Aramco.
AOD Reduces Day Rates for 3 Jackups Working for Saudi Aramco
Friday, May 29, 2015 Asia Offshore Drilling reaches agreement with Saudi Aramco to reduce day rates for three jackups operating offshore Saudi Arabia.
Saudi Arabia Restructures Oil Giant Aramco
Friday, May 01, 2015 Saudi Arabia is restructuring the world's biggest energy company, Saudi Aramco, in a move apparently aimed at letting it operate more at arm's length from the powerful oil ministry.
Saudi King Names Al-Falih Aramco Chairman, Replacing Al-Naimi
Wednesday, April 29, 2015 Saudi Arabia's King Salman names Khalid A. Al-Falih as chairman of Saudi Arabian Oil Co., replacing Oil Minister Ali Al-Naimi, according to state television.
Saudi Arabia on Alert Over Possible Oil or Mall Attack
Monday, April 20, 2015 Saudi Arabia has put security forces on alert for a possible militant attack on a shopping mall or energy installation, Interior Ministry spokesman Mansour Turki says.
IHS CERAWeek: Sustaining Innovation during Oil, Gas Downturn
Monday, April 20, 2015 Industry experts utilize the current downturn as a time to be bold and strategic in maintaining innovation.
KBR Bags Saudi Aramco's Project Management Services Contract
Tuesday, March 17, 2015 KBR bags contract to provide project management services for Saudi Aramco's offshore program.
Aramco Exec: Oil, Gas Industry May Cancel $1T Projects On Price Fall
Monday, March 09, 2015 The fall in energy prices will hit investment in projects worldwide and the industry may cancel about $1 trillion of planned projects in the next couple of years, a senior Saudi Aramco executive says.
McDermott Wins EPCI Contract for Marjan Power Supply System
Monday, March 02, 2015 McDermott Middle East will conduct initial work for a significant power supply system replacement contract for Saudi Aramco's Marjan field.
Sources: Saudi Aramco Stops Red Sea Deepwater Exploration Work
Monday, February 02, 2015 Saudi Aramco puts on hold its deepwater oil and gas exploration and drilling activities in the Red Sea because of high costs as it economizes in an environment of low crude prices, industry sources say.
CEO: Saudi Aramco to Renegotiate Some Contracts on Low Oil Price
Tuesday, January 27, 2015 Saudi Aramco will renegotiate some contracts and postpone some projects due to falling oil prices, its CEO says.
Saudi Aramco's Oil Resources To Grow To 900 Billion Barrels By 2025
Tuesday, November 18, 2014 Saudi Aramco expects to have 900 billion barrels of oil resources by 2025, up from the current 790 billion barrels, a company executive says.