Ghawar is just a miracle, not only the size, but even the reservoir properties/quality. I feel special for just having the chance to work on this field, I believe it's the dream for every petroleum engineer to have it in their resume.
I imagine it is so rewarding to work on a major field project like Ghawar. I imagine seeing the big picture must be a challenge when the size is so enormous and there are so many wells. Nice problems to have.....
you didn't mention the shock Ghawar's production decline sent through the oil analyst community when it was revealed that Ghawar was in decline. This from an investment note: Saudi Aramco’s 2019 S1 commentary: The other item that created at least a few headlines was the table on page 88 which referred to production capacity by field, showing that the supergiant Ghawar field has a capacity of “only” 3.8 million barrels per day, down from the conventional wisdom of 5 mb/d. Most considered this a surprise; One report said the news “shocked analysts” and one analyst claimed that “surprisingly low production capacity figure from Ghawar is the stand-out of the report”.
I know somebody here calgary alberta work before saudi aramco the field got just shocking the production scale is just out this world nobody can't touch them.the drilling they are doing now is just flat out.thank you video
It is an incredible story. However, the world should know if this is acceleration or incremental reserves activity. The latter is great news, the former is scary.......
Thank you. North Field (and South Pars) is indeed an amazing story. We will put together a concise, not-too-technical overview. We have so much data for this super giant gasfield the trick will be to keep the video short but informative. I hope you have subscribed to our channel - that way you will be informed when we bring out new content. Thanks again for your support.
After your comment asking for North Field, we decided it is indeed an interesting story that people should hear so we made the video: ruclips.net/video/KFqFf0NaUPo/видео.html We appreciate you taking the time to engage and request videos and we hope to see you back on the channel again!
Thanks Mohammad. Please subscribe to the channel so you get to see our upcoming content on Suadi Aramco and a whole lot more. RUclips will not automatically offer you our content unless you subscribe to our channel. We try and give overviews without getting bogged down in too much technical detail.
Hi Michael, I think we have all the Oil Drum articles in TROVE for Ghawar. They predicted decline from ~2010 onwards. It "apparently" hasn't happened. I say apparently since we do not know the fractional water cut nor if the continued high production rates are acceleration.
Thanks Vincent. It's not just Ghawar. Safaniya and another 40+ fields underpin the production. If production can't be maintained, the world is in for one heck of a rollercoaster ride....
Hi Allan, Sadly, we don't generally cover onshore North America as there is SO MUCH data and so many firms who do great job covering the hydrocarbon resources. Our bailiwick is most of the rest of the world. It's a full-time job! ATB.
Indeed they are both valuable and running out. But decline is predominantly exponential - they produce at very low rate for many years. Meantime huge new finds and upgrades to existing fields are being made. Check out our videos on Guyana/Suriname, Namibia and the Middle East - to mention just a few areas. Here in the UK the myopic politicians have struck again. The windfall tax guarantees under-investment, redundancies and a rush to invest oversees. The UK O&G industry is grinding to a halt. It's a national embarrassment - at a time we need to bolster the economy any way we can post Brexit, post Covid.
U can tell how the countries are richer than others by comparison in their wealth architecture** dubai qatar miami the buildings mansions and then africa india mexico and shet ** we gunna run out of oil 🛢️ thats the day the world will end 🔚 into a collapsation of poverty**40years left**
Interesting what your vision of 40 years from now entails. Are we going to be back to farming and living in caves? We predict oil & gas will still be around in 100 years. As will coal. Look what's happening around the world. Energy demand is very high. Existing fields in production are almost all declining. Renewables will only fill some of the gap. Perhaps the first world will opt to live life as a citizen of the third world. I somehow doubt it.
Ghawar is just a miracle, not only the size, but even the reservoir properties/quality. I feel special for just having the chance to work on this field, I believe it's the dream for every petroleum engineer to have it in their resume.
I imagine it is so rewarding to work on a major field project like Ghawar. I imagine seeing the big picture must be a challenge when the size is so enormous and there are so many wells. Nice problems to have.....
you didn't mention the shock Ghawar's production decline sent through the oil analyst community when it was revealed that Ghawar was in decline. This from an investment note: Saudi Aramco’s 2019 S1 commentary: The other item that created at least a few headlines was the table on page 88 which referred to production capacity by field, showing that the supergiant Ghawar field has a capacity of “only” 3.8 million barrels per day, down from the conventional wisdom of 5 mb/d. Most considered this a surprise; One report said the news “shocked analysts” and one analyst claimed that “surprisingly low production capacity figure from Ghawar is the stand-out of the report”.
See my earlier reply. Analysts should not be shocked fields decline. BTW, 3.8 mmbopd isn't too shabby in my book. Thanks again.
I enjoyed your content. Thanks 😉
Thanks for the comment. Glad you enjoyed it!
THANKS FROM AUSTRALIA
Thanks for your support Steven.
I know somebody here calgary alberta work before saudi aramco the field got just shocking the production scale is just out this world nobody can't touch them.the drilling they are doing now is just flat out.thank you video
It is an incredible story. However, the world should know if this is acceleration or incremental reserves activity. The latter is great news, the former is scary.......
AMAZING CONTENT. APPRECIATE THE CONCISE SUMMARY! PERHAPS CAN DO ONE ON NORTH FIELD?!
Thank you. North Field (and South Pars) is indeed an amazing story. We will put together a concise, not-too-technical overview. We have so much data for this super giant gasfield the trick will be to keep the video short but informative. I hope you have subscribed to our channel - that way you will be informed when we bring out new content. Thanks again for your support.
@@TROVE-1stSubsurface Thank you and yes I have been subscribing your channel and sharing your amazing videos among my network!
After your comment asking for North Field, we decided it is indeed an interesting story that people should hear so we made the video:
ruclips.net/video/KFqFf0NaUPo/видео.html
We appreciate you taking the time to engage and request videos and we hope to see you back on the channel again!
Good job
Keep it up
Thanks Mohammad. Please subscribe to the channel so you get to see our upcoming content on Suadi Aramco and a whole lot more. RUclips will not automatically offer you our content unless you subscribe to our channel. We try and give overviews without getting bogged down in too much technical detail.
there are three articles in the Oil Drum, you can look into them for information coming up to nearly 2010
Hi Michael, I think we have all the Oil Drum articles in TROVE for Ghawar. They predicted decline from ~2010 onwards. It "apparently" hasn't happened. I say apparently since we do not know the fractional water cut nor if the continued high production rates are acceleration.
I needed this..when Ghawar goes so does the BAU..hold on folks...
Thanks Vincent. It's not just Ghawar. Safaniya and another 40+ fields underpin the production. If production can't be maintained, the world is in for one heck of a rollercoaster ride....
nice content
Thanks for your support. Mike
theres lots of oil in manitoba
Hi Allan,
Sadly, we don't generally cover onshore North America as there is SO MUCH data and so many firms who do great job covering the hydrocarbon resources. Our bailiwick is most of the rest of the world. It's a full-time job! ATB.
Petroleum are little pools of gold they running out
Indeed they are both valuable and running out. But decline is predominantly exponential - they produce at very low rate for many years. Meantime huge new finds and upgrades to existing fields are being made. Check out our videos on Guyana/Suriname, Namibia and the Middle East - to mention just a few areas.
Here in the UK the myopic politicians have struck again. The windfall tax guarantees under-investment, redundancies and a rush to invest oversees. The UK O&G industry is grinding to a halt. It's a national embarrassment - at a time we need to bolster the economy any way we can post Brexit, post Covid.
U can tell how the countries are richer than others by comparison in their wealth architecture** dubai qatar miami the buildings mansions and then africa india mexico and shet ** we gunna run out of oil 🛢️ thats the day the world will end 🔚 into a collapsation of poverty**40years left**
Interesting what your vision of 40 years from now entails. Are we going to be back to farming and living in caves? We predict oil & gas will still be around in 100 years. As will coal. Look what's happening around the world. Energy demand is very high. Existing fields in production are almost all declining. Renewables will only fill some of the gap. Perhaps the first world will opt to live life as a citizen of the third world. I somehow doubt it.
🇫🇮💚❤️🇸🇦👍
Not sure the message here as I don't speak emoticon.