Middle East Economic Survey

VOL. XLVIII

No 51

19-December-2005

SAUDI ARABIA

Saudi Aramco 2006 Operating Plan Will Double Rig Fleet, Increase Development Wells

Saudi Aramcos Executive Committee on 14 December approved its 2006 operating plan which lays out a major pick up in activity from 2005, the company said. Due to an unprecedented corporate push to increase oil output to help meet burgeoning global demand, Saudi Aramcos new operating plan anticipates that the company's drilling-rig fleet will...