Ghawar vs. Permian Basin: Is There Even a Comparison?

by Marie Rodriguez
Sometimes while the dots are related, the traces are imaginary.

This can also keep genuine for those trying to draw comparisons among the supergiant Ghawar oilfield in Saudi Arabia with a swath of land in Texas and New Mexico known as the Permian Basin.

Ghawar vs. Permian Basin: Is There Even a Comparison? 3

They’re each fruit. However, it’s apples and oranges,” stated Scott Tinker, the director of the Bureau of Economic Geology at the University of Texas at Austin, who delivered that trying to length up to the two as analogous oil generating structures “is stretching it pretty some distance. But the evaluation

has ended up a favorite topic this month after Saudi Aramco released an in-depth monetary prospectus ahead of its first-ever bond public sale that revealed a few previously private manufacturing figures. One of the most cited become that Ghawar’s most output is three. Eight million B/D. The wide variety has drawn interest because the primary legit update at the crown jewel’s state of decline is more significant than a decade while output was pegged at around 5 million B/D.

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