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Aramco Increased Q1 Output

OIL

Saudi Aramco reported a 13% increase in total hydrocarbons output to 13 million boe/d in the first quarter of this year versus the same period a year prior.

  • Aramaco did not report its average oil production for this years first quarter, after averaging 11.5 million boe/d in first quarter 2021.
  • The companies Hawiyah and Haradh gas compression projects are due to come on-stream by the end of 2022, adding 1.3 billion cubic feet per day of raw gas. Aramco is aiming to increase its gas production by more than 50% by 2030, tapping into unconventional reserves such as the Jafurah gas field.

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