Fifty Years + 16 years (Update)

Crude Oil Supply Scenarios

Saudi Aramco´s Perspective
Mahmoud M. Abdul Baqui
Nansen G. Saleri
Saudi Aramco
Apryl 7, 2020

Rogelio Legorreta Romero. Abril, 2020

1
Schedule

1. Volume and Reliability of Reserves

2. Sustainability Of Crude Production at Curretn and Higher Levels

3. Managability of Reasonable Cost

Outline

1. Global Outlook

2. Overview of Upsteam Operations

3. Exploration

4. Reserves

5. Reservoir Management Practices

6. 50 + 16 year Outlook

7. Synopsis
 World Oil Demand

Fuente: https://www.bp.com/en/global/corporate/energy-economics/energy-charting-tool-desktop.html
 2018 Oil Reserves Conventional+Non Conventional

Fuente: https://www.bp.com/en/global/corporate/energy-economics/energy-charting-tool-desktop.html
Current Operations

2004 2019 / 2018*

Area 579000 Acres
Fields 85 136
Reservoirs 320 510
Global Oil Reserves 25% 17.21%*
10 MBPD 12 MMBPD Oil
Current Capacity
9.6 MMMSCF 8.8 MMMSCF Gas
Seismeic Crews 9
Rigs 48 50 Variation
Replace Annual Oil Prod 3 -0.145 BB -0.06%
Add Annual Gas 5 0.96 TCF 2.52
Undiscovered Recoverable Oil Resources
 Total
South Asia
Africa
Undiscovered recovereable Oil & Gas

South America and Caribbean

Gas

North America
Europe
Asia Pacific
Gas BCFG

Middle East
Artic Ocean
Rusia
500
5000

4500

4000

3500

3000

2500

2000

1500

1000

Gas [BCFG]
Total
South Asia
Africa
South America and Caribbean
North America
Oil

Europe
Asia Pacific
Middle East

Oil MMBO
Artic Ocean
Rusia

Fuente: USGS 2019

600

500

400

300

200

100

0
Oil [MMB]
 Undiscovered recovereable Oil & Gas

Fuente: USGS 2019

Discovered and Undiscovered Oil

900

800

700

600

Bilions of Barrels
500

400

300

200

100

0
Discovered Undiscovered Total
2019 Development Costs
Shaybah Field
Ghawar Field
Total Production Saudi Arabia

4.383 BB/Yr
Algunas Referencias.
Fuente Saudi Aramco annual report 2019 pp 186
EOR