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Abqaiq and Eat It Too (or, More Geological Analysis of Potential Saudi Depletion)

Posted on May 15, 2008

Abqaiq, an aging super giant Saudi Arabian oil field, has yielded over 11 billion barrels of oil since it was discovered in November of 1940. Its past provides us with the poster child for easy oil. The first well flowed at 9720 barrels per day, a far cry from today's land finds where multiple horizontal laterals are necessary to coax lesser quantities from stingier reservoirs. But Abqaiq's more recent past paints a more muddled picture, as efforts to extract the remaining oil have produced mixed results. More advanced recovery methods have been successfully employed in some parts of the field...

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