Saudi Arabia upstream summary Report

Country Report 22 February 2024

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Report summary

Saudi Arabia has an estimated oil production capacity of 12 million b/d. Saudi Arabia is OPEC's largest and most influential member and plays a key role in adjusting production in response to market conditions. From 2017 to 2022, Saudi's oil production averaged 9.8 million b/d, but it has ranged from 12.1 million b/d in 2020, just after an earlier OPEC+ agreement ended, to 7.5 million b/d when Saudi Arabia made additional voluntary cuts at the peak of the coronavirus crisis. ...

Executive summary
Key facts
Location maps
Key companies
- Summary
- Saudi Aramco
  - Initial public offering (IPO)
Geology
- Introduction
- Regional Tectonic Framework
- Widyan - North Arabian Gulf basin
- Major Petroleum Plays - Widyan - North Arabian Gulf Basin
  - Unayzah Formation
  - Khuff Formation
  - Marrat Formation
  - Tuwaiq Mountain Formation
  - Hanifa Formation
  - Arab Formation
  - Sulaiy Formation
  - Yamama Formation
  - Biyadh Formation
  - Shuaiba Formation
  - Wasia Formation
- Source Rocks and Petroleum Type
- Oil Quality
Exploration
- Licensing
  - Aramco
  - The Partitioned Zone
  - Onshore Partitioned Zone
  - Offshore Partitioned Zone
  - Other historic licence awards
  - IOC Awards
- Drilling
  - Drilling activity
  - Unconventional gas
  - Deepwater exploration
Reserves and resources
- Oil
- Natural Gas Liquids (NGLs)
- Gas
  - Unconventional gas
- Independent reserves evaluation
Production
- Oil/Liquids
- Oil policy and production outlook
- Historical oil production
  - Pre-1960
  - 1960-1990
  - 1990 to 2009
  - 2010 onwards
- Natural Gas Liquids (NGLs)
- Gas
- Emissions
Infrastructure
- Introduction
- Oil infrastructure
- Oil processing facilities
  - Abqaiq
  - Khurais
  - Safaniyah
  - Manifa
  - Zuluf
  - Qatif
  - Marjan
  - Khursaniyah
  - Berri
  - Hawtah
- Pipeline network
  - Northern Area
  - Southern Area
  - East-West Area
- Main Pipelines
  - Shedgum-Yanbu NGL pipeline (SHY-1)
  - Abqaiq-Yanbu Pipelines (Petroline)
  - Iraq Pipeline to Saudi Arabia (IPSA)
  - Trans Arabian Pipeline (TAPLINE)
- Oil Refineries
- Oil Export Terminals
  - Gulf coast
  - Red Sea coast
- Gas infrastructure
- Master Gas System (MGS)
  - Berri (associated Gas)
  - Shedgum (associated Gas)
  - Uthmaniyah (associated gas)
  - Hawiyah (non-associated gas)
  - Haradh (non-associated gas)
  - Khursaniyah (associated and non-associated gas)
  - Wasit (non-associated gas)
  - Fadhili (non-associated gas)
  - Tanajib
Costs
- Capital costs
  - Capital expenditure by location
- Operating costs
  - Operating expenditure by location
Policy and regulation
- Key legislation
  - Aramco
  - Nationalisation
  - Partitioned Zone (Kuwait/Saudi Arabia)
- Regulatory body
- Gas pricing
- State oil company
- State participation
- International boundaries
- Licensing
Fiscal terms
- Overview
  - Upstream
  - Midstream
- Current fiscal terms
  - Royalty and other production taxes
  - Domestic Market Obligation (DMO)
  - Income Tax

Tables and charts

This report includes 28 images and tables including:

Key facts: Table 1
Location maps: Image 1
Map of Saudi Arabian Basins

Mesozoic-Cenozoic Stratigraphic Column for the Widyan - North Arabian Gulf Basin
Phanerozoic Stratigraphic Column for the Widyan - North Arabian Gulf Basin
Reserves and resources: Table 1
Reserves and resources: Table 2
Liquids and Gas Production and Reserves
Reserves and resources: Table 3
Production: Table 1
Production: Table 2
Liquids Production
Liquids Production by Sector
Production: Table 3
Production: Table 4
Gas Production by Sector/Type
Saudi Arabia Oil Infrastructure Map
Infrastructure: Table 2
Gas Infrastructure Map
Reserves and contingent resources at 01/01/2024
Liquids and Gas Production 2023
Exploration: Table 1
Infrastructure: Table 1
Capital Expenditure by Region (US$ Million)
Operating Expenditure by Region (US$ Million)
Fiscal terms: Table 1
Fiscal terms: Table 2
Fiscal terms: Table 3