Saudi Aramco achieves 12.4 mln bpd hydrocarbon production in 9M 2020
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Oil giant Saudi Aramco demonstrated reliable upstream performance with a total hydrocarbon production of 12.4 million barrels per day (bpd) of oil equivalent in the first nine months of 2020, including crude oil production of 9.2 million bpd.
Aramco continued its strong track record of reliable supply, achieving 100% reliability in the delivery of crude oil and other products in Q3 2020, it said in a statement.
The oil producer achieved a record historic single-day natural gas production of 10.7 billion standard cubic feet per day (bscfd) on Aug. 6, 2020 from both conventional and unconventional fields, the statement added.
In Q3 2020, the company successfully explored two unconventional fields, both in the northern part of the Kingdom; the first field has both oil and gas reservoirs, while the other has only a gas reservoir.
According to data compiled by Argaam, Aramco posted a 45% drop in net profit after Zakat and tax to SAR 44.2 billion for Q3 2020, compared to SAR 79.84 billion a year earlier.