We often refer to our company’s founding generation as pioneers: they were the first to discover and bring into production the world’s largest hydrocarbon reservoirs.
Over 80 years later, the same pioneering spirit and unceasing drive for excellence still inspire the men and women of Saudi Aramco.
For us, sustaining a commitment to excellence means continuously improving upon our achievements, especially when it comes to developing the Kingdom’s resources for the future. Every day, products made from our resources enable people across the globe to live more fulfilling and productive lives. From fuels and lubricants to performance textiles and advanced plastics, it all starts with our resource base. Managing these resources requires excellence in every aspect of our upstream operations.
Our maximum sustainable crude oil production capacity of 12 million barrels per day (bpd) is supported by our practice of optimizing the mix of crude oil grades from a balanced portfolio of mature and young reservoirs. We continue to explore for and discover additional crude oil and gas reservoirs — striving to replace 100% of produced oil with new reserves and growing reserves annually.
One of our recent priorities has been to focus on organizational and technological shifts that increase capital efficiency. Our upstream contributions encompassed innovative solutions from exploration, drilling, and production to the initiation of a new supply chain operating model for our work in unconventional resources.
We are fixed on sustaining excellence in safety. The safety of our people is paramount to us. Beyond our standard safety protocols and training programs for employees, we have introduced additional safety improvement measures, including onstream inspections and proactive plant integrity and health assessments to ensure safe and reliable operations.
Stimulating new opportunities for people here in the Kingdom and across the world through the safe, sustainable, and reliable provision of energy is our strategic purpose. Our success in this endeavor starts with our upstream business.
By combining the energy of our people and our unique expertise with a single-minded pursuit of excellence, our hydrocarbon reserves will help power prosperity for generations to come.