Saudi Arabia: Reserves questions resurface as Aramco pumps on from mature fields


In depth
Issue 1019 - 15 Jul 2016 | 8 minute read

Saudi Arabian Oil Company (Saudi Aramco)’s future has come under intense scrutiny as potentially momentous reforms to the Saudi economy unfold, driven by Deputy Crown Prince Mohammed Bin Salman (MBS). The increased transparency implied by Aramco’s much-anticipated initial public offering (IPO) could force a significant change in the way the national oil company (NOC) does business. More detailed reserves and production data might emerge that would confirm whether skeptics – such as the late oil investment banker Matthew Simmons, who over a decade ago questioned the giant Ghawar field’s performance – are correct in arguing that Saudi reserves are much diminished from the authorities’ claims.

Want to read more?

Extra Large Article

£595

(Access to one GSN article)

Subscribe to Gulf States Newsletter

View subscription options

Join our community

Sign up for an account to gain:

  • Set up news alerts on the countries and sectors that matter to you.
  • Free access to newsletter articles under 100 words.
  • Free access to GSN View articles articles.


View a selection of Free articles

Explore subscription options

Follow us on Google News