VOL. XLII

No 45

8-November-1999

SAUDI ARABIA

Aramco Replaced All Oil Production In 1998

Saudi Aramco discovered 3.1bn barrels of crude oil in 1998,enabling the company to top up its reserves and replace its total oilproduction for the year. Also in 1998, Saudi Aramco discovered more then 7.9trillion cubic feet of non-associated gas. The discovery figures appear in thecompany痴 1998 Annual Review, to be made public shortly.