The company will have 17 fields producing in 2021, of which 13 are conventional oil fields and four are gas fields producing condensate, according to GlobalData. Spending is predicted to top in 2021, at US$20.5 billion.
Analysis of Saudi Arabia’s crude oil production shows that over US$79.6 billion in CAPEX would be spent by Saudi Aramco on oil projects over the next four years, to ensure that the country’s production remains around 11.2 million bpd in 2021.
The company will have 17 fields producing in 2021, of which 13 are conventional oil fields and four are gas fields producing condensate, according to GlobalData. Spending is predicted to top in 2021, at US$20.5 billion.
