Saudi Aramco discovered eight new oil and gas fields in the east of the country last year, the company’s 2014 annual report has revealed.
Aramco did not give figures on estimated reserves or production rates for the new discoveries but did say they represent the highest number of discoveries in the energy giant’s long history.
“Upstream, we reliably met domestic and international demand, discovered eight new fields and booked reserves that significantly exceeded production – despite the fact our combined oil and gas production approached an all-time high,” chairman Khalid al-Falih wrote.
The eight discoveries were made up of five new gas fields, Abu Ali, Faras, Amjad, Badi and Faris, two oil fields, Sadawi and Naqa, and an oil and gas field named Qadqad.
“This brings our total number of discovered fields to 129,” the state oil company added.
Aramco produced 9.5mn barrels per day (bpd) on average in 2014 and exported a total of 2.5 billion barrels globally.
The company said at the end of 2014 that crude oil and condensate reserves stood at 261.1bn barrels while natural gas reserves registered 294trn cubic feet, both record highs.
