Saudi Light Crude Oil (SLCO)

Based on facts gotten from oil and gas records, Saudi Arabia has about 261.9 billions of barrels. This is an estimate of their known reserves. As for their reserves which can be found on the neutral zone which is jointly owned by Saudi Arabia and Kuwait it amounts to 2.5 billions of barrels. It is about a quarter of the known reserves of world crude oil. Approximately one-thirds of the reserves of this country are regarded as light grades. The remaining is regarded as heavy or medium.

In SA, you can find more than a thousand oil wells in this country. As for their oil and gas fields, it is about eighty. One-half of the oil reserves are held in just eight of these fields, in addition to ghawar. Ghawar is the biggest oil field globally. The amount of oil reserves which it has is about 70 billions barrels. It also has the biggest offshore oil field in the world which has about 35 billions of barrels of oil reserves. The major oil generating systems of Ghawar from the northern region to the southern region are known as Haradh, Shedgum, Ain Dar, Uthmaniyah and Hawiyah. One-half of the entire oil generation capacity of the Saudis is from the Ghawar.

Globally, Saudi Arabia is the top manufacturer of oil as well as exporter. As it is positioned in the unstable area of gulf bestows a factor of worry to its main buyers, especially to the USA. The amount of crude oil Saudi Arabia generates in a day is within 10 to 11 million barrels. It maintains that it will be simple for them to produce about 15 million barrels in a day in time to come and still holds this output capacity for up to fifty years.

In the middle of 2005, the main vice president of Aramco who is in charge of gas operations, by name Khalid al-Falih, said that its country would elevate its production ability to up to 12 million barrels per day by 2009, and to 15 million barrels per day if the market condition normalizes. He also said that in 2006, Saudi Arabia would own about 90 oil rigs in its country. This plan will double the amount of oil rigs working in 2004.

The average depletion percent of Saudi oil fields stands at 28. The ghawar field has generated about 48 percent of its known reserves. Aramco claims that the oil reserves of Saudi Arabia is underrated and not overrated. Some analysts have also altercated the affirmative appraisals of the reserves and future generation of this. The reasons are likely because of the extreme depletion speed and upper water cut more than the reports of the Saudis.

SLCO Specifications:

Origin: Kingdom of Saudi Arabia
Quality: ARAMCO Standard export quality
API Gravity
Sediment Content
ASTM Stabilized Gravity
Wax-WT Percent
Vanadium PPM V 200
Gross Heating Value
Reid Vapor Pressure
Salt Content, PPM NaCL
Sulphur, WT Percent
Comp. Carbon Residue:
WT Percent
Pour Point
1.0 MAX3.10