The Ghawar Field in Saudi Arabia is the largest oilfield in the world, with an estimated 170 billion barrels of original oil in place. The Burgan Field in Kuwait, the Ahvaz Field in Iran ...

1. Ghawar (Saudi Arabia) The legendary Ghawar field has been churning out oil since the early 1950s, allowing Saudi Arabia to claim the mantle as the world’s largest oil producer and the only ...

Saudi Aramco has now released its IPO Base Prospectus and the reaction has been varied and often confused. The headline was its $111 billion in profit, which many appropriately pointed out is not ...

Texas is once again making life difficult for OPEC. The Permian Basin of Texas and New Mexico has emerged as the new poster boy of the U.S. shale oil revolution. Land prices in the Permian have ...

Concerns about global oil peaking due to declining reserves at Saudi Aramco’s Ghawar oil field may be overstated, according to Bernstein Research commenting on the results of a recent satellite ...

Many people will tell you that the production rate of Saudi Arabia’s Ghawar oil field, which has yielded 5 million barrels of petroleum per day for decades, will never be surpassed.

[Click here to view a larger image of the chart above.] The Ghawar oil field is the kingdom’s crown jewel. Stretching for more than 150 miles beneath the desert, it is the largest known deposit ...

Should it decline, there would be major problems. As Ghawar goes, so goes Saudi Arabia. The field was brought on line in 1951. By 1981 it was producing 5.7 million barrels per day. Its production ...

Output is currently estimated at about 10.5 million barrels a day (b/d) and at the heart of the kingdom s operations is the workhorse Ghawar oil field. Ghawar is by far the largest known conventional ...

DUBAI, April 1 (Reuters) - Saudi Aramco's Ghawar field, the largest oilfield in the world, had 58 billion barrels of oil equivalent in combined reserves at the end of 2018, and 48.3 billion in ...

Simmons believed that their existing fields, including the freakishly productive supergiant Ghawar field, were barely able to sustain their existing production rates, and that new fields were few ...

Concerns about global oil peaking due to declining reserves at Aramco's Ghawar field may be overstated, according to Bernstein Research commenting on the results of a recent satellite survey.