Country Report

Saudi Arabia upstream summary

05 February 2019

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05 February 2019

Saudi Arabia upstream summary

Report summary

Saudi Arabia has the world's highest oil production capacity, estimated at 12 million b/d in 2019. Saudi Arabia is OPEC's largest and most-influential member. It plays a key role in adjusting production in response to market conditions. Since 2016, average annual oil output from Saudi has ranged from 10 million b/d to 10.5 million b/d, but at times has exceeded 11 million b/d.OPEC/non-OPEC agreement reduces short-term production. December 2018's agreement called for a reduction ...

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
- 2018 reserve audit
Production
- Oil/Liquids
- Oil policy and production outlook
- Historical oil production
  - Pre-1960
  - 1960-1990
  - 1990 to 2009
  - 2010 to 2017
- Natural Gas Liquids (NGLs)
- Gas
Infrastructure
- Introduction
- Oil infrastructure
  - 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 Gas Plant (KGP)
  - Wasit Gas Plant (Non-associated Gas)
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
- State oil company
- State participation
- International boundaries
- Licensing
Fiscal terms
- Overview
  - Upstream
  - Mid/Downstream
- Current fiscal terms
  - Royalty and other production taxes
  - Domestic Market Obligation (DMO)
  - Income Tax
- Sample Cash Flow
  - Onshore Concession
- Gas Exploration Contracts
  - State Equity Participation
  - Royalty
  - Natural Gas Investment Tax (NGIT)
  - Corporate Income Tax (CIT)
  - Capital Uplifts
  - Bonuses and Surface Rentals
  - Gas Sales Price
  - Condensate Sales Price
  - NGL Sales Price

Tables and charts

This report includes 29 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
Remaining and Produced Liquids and Gas 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
Remaining Commercial and Technical Reserves at 01/01/2019
Liquids and Gas Production 2019
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
GEM models