Saudi Aramco sets New Standards in Excellence in 2008 Dhahran 3

To meet future supply challenges, Saudi Aramco has embarked on the
largest capital expenditure program in its history. Part of the
company’s project portfolio is the addition of significant oil
production capacity and gas processing capacity. Some of this crude
oil production capacity will be utilized to offset the natural
decline of oil fields, while the rest will be employed to expand
production capacity to 12 million bpd in 2009, according to the
annual review.

Key figures:

Crude oil production
Total annual production: 3.2 billion barrels
Average daily production: 8.9 million barrels per day

Recoverable reserves
Crude oil and condensate: 259.9 billion barrels
Gas (dissolved, associated and non-associated): 263 trillion standard
cubic feet

NGL production from hydrocarbon gases
402.2 million barrels

Domestic refining capacities (in thousands of barrels per day)
Ras Tanura: 550
Riyadh: 122
Jeddah: 85
Yanbu': 237
Petro Rabigh: 385 (Saudi Aramco ownership 37.5%)
SAMREF – Yanbu’: 400 (Saudi Aramco ownership 50%)
SASREF – Jubail: 305 (Saudi Aramco ownership 50%)
Total domestic refining capacity (including 50% share of SAMREF and
SASREF and 37.5% share of Petro Rabigh): 1.49 million barrels per day

2008 exports by region
Far East:
Crude: 52.7 %
Refined products: 53.4 %
NGL: 45.6 %
Europe:
Crude: 5.2%
Refined products: 8.2%
NGL: 1.3%
Mediterranean:
Crude: 7.0%
Refined products: 7.4%
NGL: 5.4%
U.S.:
Crude: 20%
Refined products: 1.4%
NGL: 1.2%
Other:
Crude: 15.1%
Refined products: 29.6%
NGL: 46.5%
*includes sales on behalf of SAMREF & SASREF

Estimated Worldwide Crude Oil and Gas Reserves as of Jan. 1, 2009
Conventional Crude Oil Reserves (billion barrels)
Source: Oil & Gas Journal
Saudi Arabia*: 259.9
Iran: 138.4
Iraq: 115
Kuwait: 101.5
UAE: 97.8
Venezuela: 87
Russia: 60
*Source: Saudi Aramco

Natural Gas Reserves (trillion cubic feet)
Source: Oil & Gas Journal
Russia: 1,680
Iran: 974
Qatar: 910.5
Saudi Arabia*: 263
UAE: 214.4
United States: 204.3
Nigeria: 181.9
*Source: Saudi Aramco

--SPA