Saudi Aramco's 2006 Annual Review yesterday revealed that its aggressive exploration programs were able to replace the 3.25 billion barrels of oil it produced in 2006, bringing its recoverable crude oil and condensate reserves at 259.9 billion barrels. Saudi Aramco released its 2006 Annual Review here yesterday, summarizing not only its operating figures, but also what those figures mean to a world that relies on Saudi Aramco's ability to provide dependable, stable energy supplies. "This review goes beyond the company's boundaries and reminds us of the enormous positive impact that Saudi Aramco and its people have on our fellow human beings around the world," said Saudi Aramco President & CEO Abdallah S. Jum'ah. "From helping to raise living standards for entire societies to enabling individuals to pursue more mobile, more dynamic and more satisfying lives, we at Saudi Aramco never forget that our efforts are measured not only in barrels and cubic feet, but also in promises kept, prosperity delivered and possibilities realized." Titled "Taking the Initiative," Saudi Aramco's 2006 Annual Review details extraordinary technological advances the company has made in reservoir management, allowing it to expand its reserves base and maximize ultimate recovery. The publication also provides a detailed summary of the company's largest-ever crude oil production capacity expansion of about 3 million barrels per day, and the various expansions it is making to its nationwide Master Gas System, including capacity increases at several existing plants, and the construction of the new Khursaniyah Gas Plant, according to the annual review carried by Saudi Aramco's web-site. --MORE
