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Monday, October 20, 2014
Saudi Arabia’s Khurais and Manifa projects have the most recoverable reserves among the world’s top 100 upstream developments, with approximately 19.4 billion boe and 13.7 billion boe, respectively, according to research and consulting firm GlobalData.
The company’s latest report states that these assets boast substantial recoverable crude oil reserves, with Khurais having 18.2 billion bbl and Manifa holding 13.5 billion bbl. The projects also have recoverable natural gas reserves of 6.8 Tcf and 1.4 Tcf, respectively.
Robert Stevens, GlobalData’s Lead Upstream Analyst covering the MENA region, said the Khurais project recently saw 12 drilling rigs running simultaneously from 2006-2009, creating around 300 wells. He said, “A major challenge for operations in the Khurais field is to increase the recovery rate of crude, but given the field’s vast size, even a 1% increase in recovery rate would result in millions of additional barrels.”
The Manifa field had most of its drilling and construction of the central processing facility take place on the coast, forcing Saudi Aramco and the contractors to face numerous environmental and economic obstacles.
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