Now the Saudis are saying that Ghawar which is the core of Aramco’s oil production and which has been for years contributing 5 mbd to Saudi total production, can only produce 3.8 mbd.

Ghawar, discovered in 1948, was put in production in the 1950s, and is now thought to be producing oil at a rate of 5 million barrels per day. Meanwhile, the Permian had been set for a decline in ...

Ghawar is so important for Saudi Arabia because the field has "accounted for more than half of the total cumulative crude oil production in the kingdom," according to the bond prospectus.

On this episode of The Sweaty Penguin, learn about the Ghawar Oil Field and its environmental and economic challenges, as well as some possibilities for Saudi Arabia’s energy future.

RIYADH, Saudi Arabia, Sept. 28 (UPI) -- New technology to tap into porous rock formations in the Ghawar oil field in Saudi Arabia could expand production at the giant field, the operator said.

There are four oil fields in the world which produce over one million barrels per day. Ghawar, which produces 4.5 million barrels per day, Cantarell in Mexico, which produces nearly 2 million ...

HOUSTON, Nov. 6 (UPI) -- Oil field services company Halliburton announced it was awarded a drilling contract by Saudi Aramco for the Ghawar field, the largest oil field in the world.

Concerns about global oil peaking due to declining reserves at Saudi Aramco’s Ghawar oil field may be overstated, according to Bernstein Research commenting on the results of a recent satellite ...

"At Ghawar,' he said, 'they have to inject water into the field to force the oil out,' by contrast, he continued, Shayba's oil contained only trace amounts of water. At Ghawar, the engineer said ...

Concerns about global oil peaking due to declining reserves at Aramco's Ghawar field may be overstated, according to Bernstein Research commenting on the results of a recent satellite survey. LOS ...