Finance & Investing
News Services
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy


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

Saudi Aramco Names Saadan Senior VP of Finance and Strategy
Sunday, March 02, 2014 Saudi Aramco names Abdallah Al Saadan as senior vice-president of finance, strategy and development.
Aramco Unveils New R&D Center in Boston Area
Friday, December 06, 2013 The Aramco Research Center in Cambridge opens as the first of three US-based research and development centers aimed at expanding the global research network and capability of Saudi Aramco.
Saudi Arabia Welcomes US Shale, Sees No Need To Cut Output
Wednesday, November 20, 2013 Top oil exporter Saudi Arabia remains unconcerned by a rising tide of US shale output which threatens to eat into OPEC's market share, its deputy oil minister says.
CGES: Manifa Is an Expensive Development
Monday, July 22, 2013 The removal of a whole reef and the building of 25 miles of causeway and a series of drilling islands made the development of Manifa field an expensive development
US Not Immune from Saudi Oil Export Disruption
Tuesday, June 18, 2013 Despite growth in US tight oil production, a disruption of Saudi Arabian oil will still impact the United States.
Saudi Aramco Says 2012 Output Rises to Record 9.51 MMbopd
Monday, May 27, 2013 Saudi Aramco saw its average crude production rise to 9.51 MMbopd in 2012, the highest level in more than three decades, amid output outages in Libya and Western sanctions against Iranian crude.
Saudi Aramco: Going Beyond the Tradition
Friday, May 24, 2013 Saudi Aramco highlights its new upstream strategy, which aims to invest more in R&D and technology.
Saudi Aramco to Open 3 US Research Centers
Tuesday, May 07, 2013 Saudi Aramco announces the opening of three research centers in the United States with Houston named one of the cities to house a new facility focused on upstream research.
Saudi Aramco's Manifa Oil Field On Stream Ahead of Schedule
Monday, April 15, 2013 Saudi Aramco says it has started production at its vast Manifa oil field three months ahead of schedule.
Saudi Aramco CEO Urges Industry to Change 'Sunset' Views
Tuesday, March 05, 2013 Saudi Aramco CEO Khalid Al-Falih applauds the industry's success but warns that history will repeat itself.
Keppel FELS Delivers Two Jackups Ahead of Schedule
Monday, February 04, 2013 Keppel FELS delivers two jackups, Transocean Siam Driller and AOD 1, over 20 days ahead of schedule.
Keppel FELS Delivers Jackup Rig to Saudi Aramco Ahead of Schedule
Wednesday, January 02, 2013 Keppel FELS delivers to Aramco Overseas Company its first KFELS Super B Class jackup rig ahead of schedule.
More Deals for Saipem
Friday, November 23, 2012 Saipem wins $500 million of onshore drilling contracts after announcing $800 million of pipeline work Thursday.
McDermott Scoops Up Saudi Aramco Work
Tuesday, November 06, 2012 McDermott International, Inc. announced that one of its subsidiaries has recently been awarded two projects by Saudi Aramco in the Abu Safah, Marjan and Safaniya fields in the Arabian Gulf.
Saudi Aramco to Invest $35B in Oil Exploration, Development
Monday, October 15, 2012 Saudi Aramco plans to invest $35B over the next five years in crude oil exploration and development in a bid to keep its oil production portfolio robust, the firm's chief executive said.
Saipem Wins Saudi Aramco Drilling Contracts
Tuesday, July 24, 2012 Saipem has been awarded new onshore drilling contracts in Saudi Arabia worth approximately $250 million.
McDermott Scores Proj. Duo for Saudi Aramco
Monday, July 16, 2012 McDermott International, Inc. announced that one of its subsidiaries has been awarded two projects for Saudi Aramco in the Arabian Gulf in the Karan, Safaniya and Zuluf fields.
CGGVeritas, Saudi Aramco Pen MOU
Thursday, June 07, 2012 CGGVeritas has signed a Memorandum of Understanding with Saudi Aramco for collaborative research and development of geophysical acquisition, processing, analysis and interpretation technologies.
Saudi Aramco: Saudi Oil Output Exceeds 10M bpd
Thursday, May 31, 2012 Global oil supply is exceeding demand by 1.5 million barrels a day, the chief executive of state-owned oil giant Saudi Aramco Mobil Refinery Co. said Thursday.
Newbuild Jackups Set to Sail
Monday, April 30, 2012 Advanced shallow water drilling activity is forecast to rise, which demands more sophisticated jackups.