The world s largest oil field has oil reserves of more than 11.2 billion tons, creating this tyrant

Mondo Finance Updated on 2024-01-31

Did you know that the world's largest onshore oil field is in?How much does it have?Its annual production is equivalent to the oil needs of many countriesHow long can its mining last?If you are interested in these questions, then read on for this article and I will demystify this oil field for you and let you know about its past, present, and future.

The name of this oil field is Ghawar oil field, which is located in the east of Saudi Arabia, and is currently the world's largest proven oil field and the world's largest onshore oil field, with total reserves of more than 70 billion barrels and an annual production of up to 2800 million tons. It is the lifeblood of Saudi Arabia's economy and an important factor in the global oil market. It is known as the world's largest "golden rooster", but how long does it have to live?

The discovery and development of the Garwar oil field: a miracle in the desert

The discovery and development of the Ghawar oil field is a miracle in the desert, and its history dates back to 1948, when Saudi Arabia and American oil companies collaborated to explore the Persian Gulf basin and accidentally discovered this huge oil field. The geological structure of the Garwar field is very complex, and it is produced in Jurassic carbonate rocks at a depth of 2,200 meters.

The oil field covers an area of 3,264 square kilometers and consists of five major reservoirs, namely Aindar, Havaniya, Sabah, Hala and Urud. The pressures and temperatures of these reservoirs are high, requiring the use of efficient extraction techniques and equipment. In 1951, the Ghawar oil field began to be put into production, and since then it has become the source of oil for Saudi Arabia and has made a huge contribution to the world's oil **. 12

The current situation and challenges of the Ghawar oil field: an aging "golden hen mother".

The current situation and challenges of the Ghawar oil field are an aging "golden hen", its reserves and production are constantly declining, and it is facing various risks and difficulties. According to Saudi Aramco, the Ghawar field has proven reserves of 11.2 billion tonnes, accounting for more than 10% of the world's proven reserves, but its remaining recoverable reserves are only 70 billion barrels, which are decreasing every year.

The annual production of the Ghawar field has also increased from a peak of 3800 million tonnes fell to 2800 million tons, about 50% of Saudi Arabia's total production, and the need to use large amounts of water and gas to maintain the pressure on the reservoir, increases the cost of extraction and the burden on the environment.

The exploitation of the Ghawar oil field also faces geological, technical, market, political and other challenges, such as the aging of oil reservoirs, the sealing of fractures, the blockage of horizontal wells, the fluctuation of oil prices, the intensification of competition, and the threat of sanctions. If effective measures are not taken, the vitality of the Ghawar field could be exhausted in the next 20 years.

Prospects and prospects for the Ghawar field: a "golden hen mother" in need of innovation and transformation

The outlook and outlook of the Ghawar oil field is a "golden chicken" that needs to be innovated and transformed, and its future depends on the direction and strategic choices of Saudi Arabia and the global oil industry. To extend the life of the Ghawar field, Saudi Aramco has been investing in the exploration, evaluation, management and modification of the reservoir to enhance oil recovery and production, reduce water and gas injection, and reduce the cost and environmental impact of extraction.

In order to adapt to the global energy transition and low-carbon development trend, Saudi Aramco is also actively exploring and developing renewable and clean energy sources, such as solar, wind, hydrogen, etc., to diversify and decarbonize energy sources and reduce dependence on oil and risks. As the world's largest onshore oil field, the Ghawar oil field still has great potential and value, and as long as it continues to innovate and transform, it can continue to play its role in providing stability and reliability to Saudi Arabia and the global oil market**.

Conclusion

It is a miracle in the desert and an aging "golden hen" whose discovery and development have changed the fortunes of Saudi Arabia and the global oil industry, and its current situation and challenges test the wisdom and resolve of Saudi Aramco and global oil consumers, and its prospects and prospects depend on innovation and transformation in Saudi Arabia and the global oil industry.

The Ghawar oil field is not only an oil field, but also a symbol of the times, which reflects the demand and exploration of human energy and also exposes the waste and crisis of human energy. In the days to come, we should cherish and make more rational use of the Ghawar oil field and other oil resources, and at the same time, we should also accelerate the development and use of renewable energy and clean energy. Oil

Related Pages