Saudi Arabia¡¯s gas reserves reached around 6 trillion cubic meters (tcm) in 2018, making it the world¡¯s sixth-largest holder of gas reserves. In 2018, Saudi Arabia produced 12.3* million barrels per day (MMb/d) of oil per day, representing 13% of total global oil production, and exported an estimated 8.5 MMb/d of crude oil and refined products.
How much oil does Saudi Arabia have?
At the end of 2020, Saudi Arabia held the world¡¯s second-largest proved oil reserves, at 259 billion barrels, representing 31% of proved reserves in the Middle East and 15% of global reserves, according to Oil and Gas Journal.10 Saudi Arabia¡¯s major fields are located both onshore and offshore in the eastern part of the country.
Which is Saudi Arabia’s second-biggest oil field?
The Khurais field is Saudi Arabia¡¯s second-biggest oil field, after Ghawar. It is located 250 km southwest of Dhahran. The oil field started production in 2009 and has a capacity of around 1.5 MMb/d. The Khurais complex, which comprises the Abu Jifan and Mazalij fields, is around 106 km long and 18 km across at its widest point.
Why is Saudi Arabia a major oil producer?
Arabia is one of the world¡¯s leading oil producers and exporters. It has the second-largest proven crude oil reserves after Venezuela. Saudi Arabia¡¯s oil reserves have made it one of the most significant players in the global oil market.