Saudi Aramco's Exploration Team Meets 2003 Targets

Saudi Aramco's Exploration division met or exceeded all its objectives for 2003.

The company added 5 trillion cubic feet of nonassociated gas reserves, replaced annual crude oil production of 3.3 billion barrels of oil reserves, and discovered new hydrocarbon reservoirs in Awtad, Yabrin and Ghazal Saudi Aramco completed the processing of 10.3 billion traces of 2D and 3D seismic data for exploration and 6.2 billion traces of land 3D seismic for development.

The company drilled 45 gas development wells and five gas delineation wells. It also drilled 94 oil development wells, 72 of which required some degree of geo-steering.