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Northern Ghawar water and production

This post is just a visualization attempt to support my feeling of the state of of production levels at the northern Ghawar or more specific the
N’Ain Dar part of the field in an ongoing discussion on . (What used to be the best part of the Ghawar and where the first discovery was made and also where the best producing well back in the days were located when the wells where vertical.)

Above just for reference the image i posted on with top producing wells trough history and where we have the Ain dar – 1 well and the thing i found most interesting with the image the production level in 2008 for the same well. My argument was that this well is most likely positioned in the top of the reservoir in the best section (duh it has the same name as the best section) and from this we can conclude that the northern part of Ghawar or the Ain Dar is more or less done.

Today the well as Ron pointed out is most probably converted to a horizontal well, creaming the top of whats left in the Ain Dar just above water level so production on that well might actually be higher today than it was when it was new as a vertikal well but the horizontal just means its more effective at draining the remaining oil and when the horizontal cant be moved higher any longer and water hits it it will be more like flipping a light switch then a fade in my opinion (a very rapid final decline, i dont believe it will go from whatever production it has to 0 over a day just to be clear on that)

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Saudiarabien Ghawar och I told you so.

Som en del av er vet har jag tidigare drivit tesen att Saudiarabien har mycket mindre olja och produktionskapacitet kvar än man har velat påskina. Detta är något jag tidigare skrivit om på börssnack och även gjorde en post om här på denna blogg.

För några dagar sedan presenterade Saudi Aramco ett obligationsprospekt som slog ner som en bomb eller kanske snarare en blixt från klar himmel både i MSM (main stream media) men även inom finans och olje press. Jag citerar Bloombergs rubrik nedan’

The biggest Saudi oil field is fading faster than anyone guessed”


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