Aramco Annual Review 1976

Item

Description
The 1976 annual review of the Arabian American Oil Company (Aramco), published as a bilingual Arabic and English volume. The report covers Aramco's key operations and achievements during 1976, including: record high crude oil production averaging over 8.5 million barrels per day; Aramco becoming on 26 December 1976 the only company in the world to produce more than three billion barrels of crude oil in a single calendar year; discovery of three new oil fields (Lawhah, Hasbah, and Shrar) in Retained Areas and two offshore fields; confirmed Saudi Arabia's proved reserves rising to 110.2 billion barrels with probable reserves at 177.5 billion barrels; capital investment exceeding two billion dollars in plant, property and equipment; total Saudi workforce reaching 20,067 employees (5.5% increase), with Saudi Arabs holding 46 percent of supervisory positions; and continued progress on the nationwide Gas Gathering System and integrated power network for the Eastern Province.
Creator
ARAMCO
Spatial Coverage
Saudi Arabia
Language
Arabic
English
Date
1976
Subject
Business, trade & industry
Development
Oil
Identifier
SAU 338.476655 09538 ARA-REV 1976
Resource class
Text