In 1979, Saudi Arabia oil & gas reserves effectively became a state secret. Since then very little information has emerged regarding the country's reserves. The 2019 Saudi Aramco IPO revealed some information. In this video we try to unravel the story.
Is oil running out? In this video we take a deep dive into Saudi Arabia's oil & gas industry. The findings are fascinating but we cannot be definitive due to the lack of data in the public domain.
We will know when Saudi Arabia reserves are running out when the country can no longer maintain the ~12 million barrels of oil per day they have maintained for the last few years. When the fall comes, how dramatic will it be. Spoiler alert: we don't know!
TROVE Middle East contains details on oil & gas fields and discoveries from Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, Oman & Yemen. With information on over 850 assets, we believe this is the most comprehensive technical subsurface database for the Arabian Peninsula. See our global coverage map here: https://www.1stsom.com/trove