CMOP + 227 October 4, 2018 Generally most data shows that Saudi Arabia has a "proven" 260 billion barrels worth of oil reserves. Aramco mentions they could have up a balance of 400 Billion Barrels as "probable, possible, contingent" reserves. You hear within the O&G industry that SA probably doesn't even know how much oil reserves they have. With advancing technologies / extraction - some experts mention up to 900 Billion Barrels could be achievable. I leave the question to you - how many billions of barrels do you think Saudi Arabia really have laying around? Quote Share this post Link to post Share on other sites
ATK + 355 AK October 4, 2018 For analyst who can barely get a right number on what weekly crude inventories will be, I doubt they can accurately predict how much Oil SA has. In my experience, SA has always managed to meet production expectations and have disproved "oil experts" again and again 1 Quote Share this post Link to post Share on other sites
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