Comment 447

By Ryan (registered) - website | Posted May 01, 2006 at 09:23:49

Dear Aramco employee: If Saudi Aramco has all these vast untapped oilfields, then why is it going to such herculean lengths to squeeze more production out of the aging and declining Ghawar, Safaniya, Abqaiq and Berri fields? Basic market incentives virtually require a company with such options to grab the low-lying fruit first.

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