Saudi Aramco Announces New Oil Discovery
The Saudi Arabian Oil Company (Saudi Aramco) on 7 June announced a new oildiscovery in the al-Hawtah region, 190 kms. south of the capital Riyadh.Preliminary test results from the wildcat - Hawtah Well No. 1 - have yieldedsweet crude oil with a 49 API gravity and 0.06% sulfur, and Saudi Aramco hascalculated the production potential of the well at 8,000 b/d.
The new well was originally spudded on 2 May 1989 and on 3...