Exploration & Production Geology
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The Saudi factor
http://www.epgeology.com/news-f37/the-saudi-factor-t5335.html
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Author:  NewsPoster [ Mon Oct 20, 2014 11:16 pm ]
Post subject:  The Saudi factor

OGJ Exploration News

The arithmetic is straightforward. In round numbers, Saudi Arabia grosses $549 million/day producing 9 million b/d of crude oil and, with subsidized internal consumption at about 2.9 million b/d, exporting 6.1 million b/d when the crude price is $90/bbl.



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