Company Profile Abdullah Ali Brohi

SAUDI ARAMCO

Saudi Arabian Oil Company (Aramco) Headquarters in Dhahran, Saudi Arabia officially the Saudi
Arabian Oil Company (formerly Arabian-American Oil Company.
It is one of the largest companies in the world by revenue, and according to accounts seen
by Bloomberg News, the most profitable company in the world. Saudi Aramco has both the world's
second-largest proven crude oil reserves, at more than 270 billion barrels (4.3×1010 m3), and largest
daily oil production of all oil producing companies.
On 11 December 2019, the company's shares commenced trading on the Tadawul stock exchange.
The shares rose to 35.2 riyals, giving it a market capitalization of about $1.88 trillion, and surpassed
the $2 trillion mark on the second day of trading.
Saudi Aramco operates the world's largest single hydrocarbon network, the Master Gas System. Its
2013 crude oil production total was 3.4 billion barrels (540,000,000 m3), and it manages over one
hundred oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet (scf) of natural
gas reserves. Saudi Aramco operates the Ghawar Field, the world's largest onshore oil field, and
the Safaniya Field, the world's largest offshore oil field.
This is the first and biggest company own by the Kingdom of Saudi Arabia and it is public type
company.

EXPLORATION
They have developed and deployed more intelligent acquisition and processing methods to improve
the clarity and resolution of seismic data. Our seismic acquisition and analysis isbeing integrated more
with electromagnetic and high-resolution gravity sensors, especially for subsalt imaging and in areas
of complex geology.
Reservoir management
The new Exploration Explorer System, launched in 2014, has transformed the way we deal with oil
and gas prospects. It provides a state-of-the-art method to track the phases of decision making. The
system also displays the prospective resources, their types, volumes, locations, and depths in a
manner that gives our exploration teams a unified vision of the project.
They commissioned the first successful use of CO2 to replace hydraulic fracturing in a gas well in the
Middle East.

PRODUCTION
Company Profile Abdullah Ali Brohi
While the company did not originally plan on refining oil, the Saudi government wished to have only one
company dealing with oil production.

Therefore, on 1 July 1993, the government issued a royal decree merging Saudi Aramco with Samarec,
the country's oil refining company. The following year, a Saudi Aramco subsidiary acquired a 40% equity
interest in Petron Corp., the largest crude oil refiner and marketer in the Philippines. Since then, Saudi
Aramco has taken on the responsibility of refining oil and distributing it in the country

PERFORMANCE
Over the past few years, we have created a global research network with the establishment of
research facilities in targeted innovation hubs in the United States, Europe, and Asia.
Introduction of a balanced portfolio of technically feasible and commercially viable technology
options. Upstream, we are actively working on technologies that enable greater efficiency in
resource discovery and recovery. Downstream research domains seek to develop and implement
process improvements and production efficiencies that support our growing petrochemicals business
as well as new production and refining efficiencies to reduce costs and support higher value product
yields.
Upstream technology, Here are some upstream technology highlights from our work in 2014 to
increase recovery rates for oil, part of our strategy to ensure the long- term sustainability.
Injecting CO2 into reservoirs for enhanced oil recovery and sequestration could potentially boost
recovery rates and reduce emissions.
The use of surfactant/polymer formulations in injected water can help recover tertiary oil (oil not
produced under natural reservoir pressure or through water injection) more efficiently.
At Saudi Aramco, we believe technology leadership drives continued and future success in the
energy sector and is essential to achieving our aspirations to help solve global energy challenges
and stimulate the local knowledge economy.
Company Profile Abdullah Ali Brohi
CHALLENGES/SUCCESSES
A lot more is at stake in the restructuring of Saudi Aramco than just its corporate strategic success.
The future viability of the state of Saudi Arabia depends on the national oil company (NOC)
cultivating a vibrant industrial sector
The company’s financial role in the development and transformation process is critical, but so is the
state’s success in managing its resources and not forcing funds to be diverted so Saudi Aramco
cannot follow through on critical investments. The NOC has a proven track record in delivering
economic and financial success to its economy. Given the wider role it will play in the kingdom’s
development, this time around the state’s performance itself will be an important factor in Saudi
Aramco’s strategic success.

BIBLIOGRAGPHY
 https://www.gulfoilandgas.com/webpro1/prod1/suppliercat.asp?sid=5967
 https://english.alaraby.co.uk/english/indepth/2019/11/19/the-challenges-and-implications-for-
saudi-aramcos-ipo

 https://www.saudiaramco.com/en/investors/investors/reports-and-presentations