Middle East Economic Survey

VOL. XLVIII

No 17

25-April-2005

SAUDI ARABIA

Saudi Aramco Makes Light Crude Discovery In Central Region

Saudi Aramco has made a new light oil discovery in the central region of the country, according to a Saudi Press Agency (SPA) report of 18 April. The Duʹaiban-1 well, 125km southeast of Riyadh, was drilled to a depth of 10,260ft and will produce low sulfur 41 API oil at a rate of 3,300 b/d with 3mn cfd of gas, the SPA quoted Saudi Oil Minister Ali Naimi as saying....