Saudi Arabia Advances Carbon Capture Project
Saudi Aramco is moving forward with an enhanced oil recovery project using CO2 injection. It also plans to shut down the Shaybah light oil field imminently to tie in new production facilities that will raise output by 250,000 b/d. This will balance its lighter and heavier crude streams but leave capacity unchanged.
Whilst Saudi Aramco’s plans are surley ambitious, some analysts question whether...