TITLE

Saudi Arabia dramatically increases rig count, accelerates offshore development

AUTHOR(S)
Jongkees, Barry
PUB. DATE
October 2013
SOURCE
Offshore;Oct2013, Vol. 73 Issue 10, p52
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the rise of rig count and increase offshore development in Saudi Arabia. It states that the largest offshore oil fields of the country are Safaniya, Zuluf, Manifa, Marjan, and Abu Safah which altogether hold a total 76.1 billion barrel in reserves. According to some analysts, the rapid development of shale oil poses a significant threat to Saudi Arabia's key position in the oil market.
ACCESSION #
99924494

 

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