Multi-disciplinary Project for Mathematics. Topic : Petroleum

1. Multi-
Disciplinary
Project
(Mathematics)

2. Topic : Petroleum
Oil Production.
<----------------------------------YEARS----------------------------------------------->
Countries 2010 2011 2012 2013 2014
United States 9696 10128 11119 12343 14021

3. Saudi Arabia 10908 11470 11841 11702 11624
Russia 10279 10402 10589 10758 10847
China 4377 4393 4465 4561 4598
Canada 3442 3597 3856 4073 4383
The measuring unit is 'thousand barrels per day'.
Oil Consumption
<----------------------------------YEARS----------------------------------------------->
Countries 2010 2011 2012 2013 2014

4. United States 19180 18882 18490 18961 19035
Japan 4429 4439 4697 4557 4350
Germany 2467 2392 2389 2435 2396
Canada 2326 2357 2403 2374 2395
South Korea 2269 2259 2322 2328 2340
The measuring unit is 'thousand barrels per day'.
Reserves
<----------------------------------YEARS----------------------------------------------->

5. Countries 2010 2011 2012 2013 2014
Venezuela 211 211 298 298 298
Saudi Arabia 263 267 268 268 268
Canada 175 174 173 173 172
Iran 137 151 155 157 158
Iraq 115 143 141 140 144
Kuwait 104 104 104 104 104
The measuring unit is 'billion barrels per day'.

6. Column Charts (*most recent year with sufficient data for ranking)
1) Production

7. 2) Consumption

8. 3) Reserves

9. 3) Imports
4) Exports

10. Saudi Arabia
Last Updated: September 10, 2014 (Notes)

11. full report
Overview
Saudi Arabia has 16% of theworld's proved oil reserves, is the largest exporter of total
petroleum liquidsin the world, andmaintainsthe world's largest crude oilproduction
capacity.1
Saudi Arabia is the world's largest holder of crude oil provedreserves andwas the largest exporterof total petroleumliquids in 2013. In2013,
Saudi Arabia was the world's second-largest petroleum liquids producer behindthe UnitedStates andwas the world's second-largest crude oil
producer behindRussia. Saudi Arabia's economyremains heavily dependent onpetroleum. Petroleum exports accountedfor 85% oftotal Saudi
export revenues in 2013, accordingtothe Organizationof the Petroleum ExportingCountries (OPEC)'s Annual Statistical Bulletin2014.
With the largest oil projects nearingcompletion, Saudi Arabia is expandingits natural gas, refining, petrochemicals, andelectric power industries.
Saudi Arabia's oil andnatural gas operations are dominatedby Saudi Aramco, the national oil andgas companyandthe world's largest oil
companyin terms of production. Saudi Arabia's Ministry ofPetroleum andMineral Resources andthe SupremeCouncil for Petroleumand
Minerals have oversight of theoil andnatural gas sector andSaudi Aramco.
Reserves
Accordingto the Oil & Gas Journal (OGJ), Saudi Arabia hadapproximately266billion barrels of provedoil reserves3
(in addition to 2.5 billion
barrels in the Saudi-Kuwaiti sharedNeutral Zone, halfof the total reserves in the Neutral Zone)as of January1, 2014, amountingto16% of
provedworldoil reserves.Although Saudi Arabia has about 100 major oil andgas fields, more thanhalfof its oil reserves are containedin eight
fields in the northeast portion ofthe country.4
The giant Ghawar fieldis the world's largest oil fieldin terms of production andtotal remaining
reserves. The Ghawar fieldhas estimatedremainingprovedoil reserves of75 billionbarrels,5
more thanall but seven othercountries.
Consumption
Saudi Arabia is the largest oil-consumingnationin the Middle East. Saudi Arabia consumed2.9 millionbarrels perday (bbl/d) of oil in 2013,
almost double the consumption in 2000,because of strongindustrial growth andsubsidizedprices. Contributingto this growthis risingdirect
burn of crude oil for power generation,which has reachedan average of 0.7millionbbl/dfrom 2009to2013duringthe months ofJune to
September, accordingtothe Joint Oil DataInitiative(JODI), andthe use of natural gas liquids (NGL) for petrochemical production. The current
president andChief Executive Officerof Saudi Aramco, Khalidal-Falih, saidthat domestic liquids demandwas on pace to reachmore than8
million bbl/dof oil equivalent by 2030if there were noimprovements in energy efficiency.
Production
Saudi Arabia producedon average 11.6millionbbl/dof total petroleumliquids in 2013, ofwhich 9.6 millionbbl/d6
was crude oil productionand
2 million bbl/dwas non-crude liquids production. Total petroleum liquids production declined0.13millionbbl/dfrom 2012, the first decline
since 2009. Saudi Arabia decreasedits crude oil productionin 2013toaccommodate non-OPEC productiongrowth, mainlyfrom theUnited
States and, to a lesser extent, Canada.
Saudi Arabia maintains the world's largest crude oil productioncapacity, estimatedtoreachabout 12 millionbbl/dat the endof 2014,andthe
country is subject toOPEC productionquotas. Of this capacity,about 300,000bbl/dis Saudi Arabia's share of the productionin the Neutral Zone.
Non-crude liquids, which are not subject to OPEC quotas or production targets,are producedat full capacity.There arecurrently noplans to
increase oil production capacity. Saudi Arabia's long-termgoal is to further developits lightercrude oil potential andmaintain current levels of
productionby offsettingdeclines in mature fields with newer fields.

12. Saudi crude streams
Saudi Arabia produces a range of crude oils, fromheavytosuper light. Of Saudi Arabia's total crude oil productioncapacity,more than70% is
consideredlight gravity, with theremainingcrude oil consideredmedium or heavygravity.7
Thecountry is movingto reduce theshare ofthe
latter two grades. Lighter grades generally areproducedonshore, while medium andheavygrades comemainly fromoffshorefields. Most Saudi
oil production, except forthe Extra Light andSuper Light crude oil types,is consideredsour, containingrelativelyhigh levels of sulfur. Saudi
Aramco saidthat its fields do not require theuse of enhancedoil recovery techniques, although fields in the Neutral Zone couldrequire steam
flooding. The Ministry ofPetroleum andMineral Resources estimates that oil fields in Saudi Arabia have decline rates nohigherthan2% per
year.8
Saudi Aramco has statedthat it will conduct additional drillingat existingfields to help compensate for the natural declines fromthe
mature fields.
Field Location Capacityas of 2012
Ghawar onshore 5.8 million bbl/dof ArabLight crude
Safaniya offshore 1.2 million bbl/dof ArabHeavy crude
Khurais onshore 1.2 million bbl/dof ArabLight crude. Plans to expandcapacityby 0.30millionbbl/dby 2017.
Manifa offshore 0.90 millionbbl/dof ArabHeavy crude oil aftercompletionat endof 2014. Productionwill be used to offset
declines in mature fields.
Shaybah onshore 0.75 millionbbl/dof ArabExtra Light. Plans toexpandcapacityby 0.25 millionbbl/dby 2017.
Qatif onshore 0.50 bbl/dof ArabLight crude
Khursaniyah onshore 0.50 bbl/dArabLight crude
Zuluf offshore 0.50 bbl/dof ArabMedium crude
Abqaiq onshore 0.40 bbl/dArabExtra Light crude
Source: Saudi Aramco, Arab Oil and Gas Journal