Middle East Economic Survey

VOL. XLVII

No 44

1-November-2004

SAUDI ARABIA

New Saudi Aramco Oil Discovery Announced

Saudi Oil Minister Ali Naimi announced on 26 October that Saudi Aramco had made a new oil discovery in the Abu Sadr field, 185km south of Riyadh. Tests were conducted on the Abu Sadr-1 well on 22 October, yielding an initial flow of 3,000 b/d of 54 API Arab Extra Light crude. We hope, Mr Naimi said, to achieve higher production rates from this field but gave no more details. The Abu...