| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
FSN: Saudi Aramco Starts Production at Mammoth Field
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
[Ed. Note: I love peak oil! ~Kerry.]
from Fuel Fix
Saudi Aramco has started production at its behemoth Manifa field, putting out 500,000 barrels of crude per day from a network of wells drilled through man-made islands, the world’s largest oil company said Monday.
The field is located in a bay along the Persian Gulf. The company began production on April 10, a full three months ahead of schedule and under budget, it said in a news release.
Saudi Aramco plans to increase its output from the field to 900,000 barrels of Arabian heavy crude per day next year, an oil production total larger than that of many countries.
Saudi Aramco, which is wholly owned by the Kingdom of Saudi Arabia, produces more hydrocarbons than Exxon Mobil Corp,. Chevron and BP combined.
Continue Reading at FuelFix.com…
2013-04-15 10:04:25
Source: http://silveristhenew.com/2013/04/15/saudi-aramco-starts-production-at-mammoth-field/
Source:
