setting new standards our legacy, our...

Facts & Figures 2008

Setting New StandardsOur Legacy, Our Future

Setting new standards for 75 years

Abbreviations used in this booklet:bpd - barrels per dayscfd - standard cubic feet per dayLPG - liquefied petroleum gasNGL - natural gas liquidstpy - tons per year

© Copyright 2009 Saudi Aramco. All rights reserved.

Contents

Key Figures 2

Setting New Standards 4

Domestic Operations 9

International Operations 10

Saudi Aramco by the Numbers 12

2

Key Figures

Oil reserves & production

Crude oil and condensatereserves............................................... 259.9 billion barrels

Crude oil production(average per day) .............................. 8.9 million barrels

Crude oil production (annual) .......... 3.2 billion barrels

Gas reserves & productionGas reserves ....................................... 263 trillion cubic feet

Gas production (raw gas togas plants, average per day) ........... 8.3 billion cubic feet

Gas production (raw gas togas plants, annual) ............................ 3.0 trillion cubic feet

Natural Gas Liquids (NGL)NGL production (average per day).. 1.0 million barrels

NGL production (annual)................... 402.2 million barrels

3

New discoveriesOil fields .............................................. Niyashin

Gas fields............................................. Rabib, Arabiyah

Wells completedOil exploration .................................... 11

Gas exploration .................................. 12

Oil development ................................ 396

Gas development............................... 78

WorkoversOil workovers...................................... 113

Gas workovers.................................... 8

Water workovers ................................ 55

4

Setting New Standards

In 2008, we not only celebrated the 75th anniversary of thesigning of the historic concession agreement between theSaudi government and Standard Oil of California that occurredon May 29, 1933, but we were also busy setting new standardsin many areas throughout the company. For instance:

5

� A patent was issued in 2008 for a real-time earthmodel for collaborative geosteering, and another fora comprehensive reporting and control matrix for themanagement of our pipeline system.

� We conducted the first successful laboratorydemonstration of the injection of nano-particles intoreservoir rocks, and the recovery of the nano-particlesat rates comparable to field conditions and at lowconcentration. For the reservoir robots (Resbots)concept, EXPEC ARC won the prestigious New HorizonsIdea Award at the 2008 World Oil Awards.

6

� On November 1, 2008, the company completed its firstgiga-cell (1 billion cells) reservoir simulation run. Theachievement was made using GigaPOWERS, the next-generation parallel reservoir simulator developed bySaudi Aramco.

� We successfully completed the first casing-while-drillingproject in Saudi Arabia in 2008, and we installed ourfirst nonmetallic piping in two sour-crude oil pipelinesthat connect ‘Ain Dar GOSPs with Abqaiq Plants.

� Long-term tests in whole crude oil desulfurizationbegan in early 2008. And we have deployed bacteriaoperationally as part of a Nitrate Treatment in theHawtah oil field, thereby controlling a sulfide problemin an environmentally friendly fashion.

� In 2008, two offshore nonassociated gas fields (Rabiband Arabiyah) and one oil field (Niyashin) were dis-covered.

We continued to set new standards by moving forward with thelargest capital expansion program in our history. In 2008, wemade significant progress on the following oil-production capacityincrements:

� The Khurais development will add 1.2 million barrelsper day (bpd) of Arabian Light crude-oil production

7

capacity and also dehydrate 320 million standard cubicfeet per day (scfd) of gas and produce 80,000 bpd ofNGL. Khurais is the largest integrated oil project incompany history.

� The Khursaniyah facilities are designed to process andstabilize 500,000 bpd of Arabian Light crude oil blendfrom the Abu Hadriya, Fadhili and Khursaniyah fields.

� The Shaybah expansion will increase production capacityat Shaybah from 500,000 bpd to 750,000 bpd of ArabianExtra Light crude oil — expanding one of the company’smost unique and iconic projects.

D

� The Nuayyim crude-oil increment will use the state-of-the-art Intelligent Field approach to streamlinereservoir management processes and facilitate real-time decision making. The increment will have thecapacity to produce 100,000 bpd of sweet ArabianSuper Light crude oil.

� The offshore Manifa project will add 900,000 bpd ofArabian Heavy crude oil production capacity, 90 millionscfd of associated gas and 65,000 bpd of condensate.The project’s unusually shallow offshore site requiressignificant environmental-protection measures.

8

Turaif

al-Jawf

Tabuk

Duba

Qasim

Riyadh

al-Sulayyil

Najran

Jaizan

Abha

Jiddah

Rabigh

Yanbu'

Safaniyah

QatifDhahran

al-Hasa

Ras Tanura

Ju'aymahJubail

SAUDI ARABIAThuwal

Domestic Operations

Saudi Aramco Refinery

Joint Venture Refinery

Terminal

Bulk Plant

Integrated Refinery & Petrochemical Plant

KAUST: King Abdullah University of

Science and Technology9

10

International Operations

HOUSTONAramco Services Co.Saudi Refining Inc.Aramco Associated Co.Motiva Enterprises LLC.

WASHINGTON, D.C.Aramco Services Co.

NEW YORKSaudi PetroleumInternational, Inc.

BERMUDAStellar Insurance Ltd.

CURAÇAOBolanter Corp. N.V., Pandlewood Corp. N.V.

LONDONSaudi Petroleum Overseas Ltd.Aramco Overseas Co. B.V.

SOUTHAMERICA

NORTHAMERICA

11

ROTTERDAMTexaco Esso AOC MaatschapTEAM Terminal B.V.Texaco AOC Pumpstation Maatschap

LEIDENAramco Overseas Co. B.V.

EGYPTSumed ArabPetroleum Pipelines Co.

Marafiq: Electricity and Water Utility for Juabil and Yanbu'FREP: Fujian Refining and Petrochemical Co. Ltd.SSPC: Sinopec SenMei (Fujian) Petroleum Co. Ltd.

DHAHRANSaudi Aramco Headquarters

AFRICA

EUROPE ASIA

AUSTRALIA

RABIGHPetro Rabigh

YANBU'Saudi Aramco MobilRefinery Co. Ltd.Marafiq

JIDDAHLuberef, Jiddah OilRefinery Co.

HONG KONGAramcoOverseas Co. B.V.Saudi AramcoSino Co.

KUALA LUMPURAramco Overseas Co. B.V.

SINGAPORESaudi Petroleum Ltd.

TOKYOSaudi Petroleum Ltd.Aramco Overseas Co. B.V.Showa Shell Sekiyu K.K.

FUJIANFREP, SSPC

SHANGHAIAramcoOverseas Co. B.V.

SEOULS-Oil CorporationAramco Overseas Co. B.V.

JUBAILSaudi AramcoShell Refinery Co.Marafiq

DUBAIVela InternationalMarine Limited

BEIJINGSaudi Petroleum Ltd.

AL-KHAFJIAramco GulfOperations Co. Ltd.

12

Recoverable Crude Oil & CondensateReserves (billions of barrels)

0 100 200 300

259.9

259.9

259.9

259.8

259.7

2008

2007

2006

2005

2004

Recoverable Gas Reserves: Associated &Non-Associated (trillions of cubic feet)

0 100 200 300

263.0

253.8

248.5

239.5

237.0

2008

2007

2006

2005

2004

Saudi Aramco by the Numbers

13

Saudi Aramco Production, 1998 – 2008(billions of barrels)

0 0.5 1.0 1.5 2.0 2.5 3.0 3.5

3.2

3.1

3.3

3.3

3.1

3.0

2.5

2.8

2.8

2.7

2.9

0.57

0.57

0.59

0.59

0.57

0.52

0.52

0.50

0.50

0.47

0.47

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

1998 Crude Oil

Refined Products

14

Crude Oil Production(millions of barrels per day)

0 5 10

8.9

8.5

8.9

9.1

8.6

2008

2007

2006

2005

2004

Crude Oil Production(billions of barrels per year)

3.2

3.1

3.3

3.3

3.1

2008

2007

2006

2005

2004

0 2 4


15

Raw Gas to Gas Plants(billions of scfd)

0 3 6 9

8.3

7.9

8.2

7.8

7.3

2008

2007

2006

2005

2004

16


Delivered Sales Gas(trillions of BTUs per day)

0 7

6.6

5.9

5.8

5.5

5.0

2008

2007

2006

2005

2004

Delivered Ethane Gas(trillions of BTUs per day)

1.0

1.0

1.0

1.0

0.9

2008

2007

2006

2005

2004

0 0.5 1

17

NGL from Hydrocarbon Gases(millions of barrels)

0 150 300 450

402.2

394.6

399.0

400.4

387.3

2008

2007

2006

2005

2004

Sulfur Recovery(millions of metric tons)

3.1

3.1

2.9

2.7

2.2

2008

2007

2006

2005

2004

0 2 4

18


Total domestic refining capacity(including 50% share of SAMREF and SASREF and 37.5%share of Petro Rabigh): 1.49 million barrels per day

Domestic Refining Capacities(thousands of barrels per day)

0 200 400 600

Ras Tanura

Yanbu'

Riyadh

Jiddah

550

237

122

85

19

SAMREF - Saudi Aramco Mobil Refinery Co. Ltd., Yanbu'

SASREF - Saudi Aramco Shell Refinery Co., Jubail

Domestic Joint & Equity VentureRefining Capacities (thousands of barrels per day)

0 100 200 400

SAMREF

Petro Rabigh

SASREF

400 (50%*)

385 (37.5%*)

305 (50%*)

300

* Saudi Aramco ownership

20


International Equity and Joint Ventures RefiningCapacities (thousands of barrels per day)

Total international equity and joint venture refining capacity: 644.79Total worldwide refining capacity (company-owned/operatedand equity and joint ventures): 2.15 million barrels per day

0 200 400 800

Motiva

S-Oil

Showa Shell

FREP

740 (50%*)

565 (35%*)

80 (25%*)

600

515 (14.96%*)

* Saudi Aramco affiliate ownership

Showa Shell Sekiyu K.K.FREP - Fujian Refining and Petrochemical Company Ltd.

21

Ship calls at Saudi Aramco terminals

Total ship calls: 3,704

Ship calls by product type:

• Crude oil: 2,029

• Products: 1,329

• LPG: 346

Exports from Ras Tanura, Ju'aymah and Yanbu'.

Transfers at Jiddah, Rabigh, Yanbu' and coastal bulk plants.

22


* Natural gas liquids comprising propane, butane, condensate

and natural gasoline

Saudi Aramco Exports, 2003 – 2008(barrels)

Year Crude Oil Refined Products NGL*

2003 2,357,921,983 158,047,102 265,929,431

2004 2,479,269,999 191,648,785 273,984,183

2005 2,622,997,627 201,589,157 289,485,392

2006 2,541,692,569 183,985,356 285,374,991

2007 2,407,956,412 136,010,203 286,713,775

2008 2,509,577,626 132,088,155 283,925,306

23

2008 Exports by Region (barrels)

REFINED PRODUCTS

• Far East: 53.4%

• Europe: 8.2%

• Mediterranean: 7.4%

• US: 1.4%

• Other: 29.6%

CRUDE OIL

• Far East: 52.7%

• Europe: 5.2%


• US: 20%

• Other: 15.1%

24


NGL*

• Far East: 45.6%

• Europe: 1.3%


• US: 1.2%

• Other: 46.5%

* includes sales on behalf of SAMREF & SASREF

2008 Exports by Region (barrels)

25

Oil & Gas Journal

Estimated Worldwide Crude Oil and Gas Reservesas of January 1, 2009Source:

0 100 200 300

S. Arabia*

Iran

Iraq

Kuwait

UAE

Venezuela

Russia

259.9

138.4

115

101.5

97.8

87

60

Conventional Crude Oil Reserves (billions of barrels)

* Source: Saudi Aramco

26


Natural Gas Reserves (trillions of cubic feet)

0 600 1200 1800

Russia

Iran

Qatar

S. Arabia*

UAE

US

Nigeria

1,680

974

910.5

263

214.4

204.3

181.9

* Source: Saudi Aramco

Estimated Worldwide Gas Reservesas of January 1, 2009Source: Oil & Gas Journal

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Arabian Extra Light (AXL): API 36-40˚

Arabian Heavy (AH): API <29˚

Arabian Medium (AM): API 29-32˚

Arabian Light (AL): API 32-36˚

Arabian Super Light (ASL): API >40˚

Workforce as of December 31, 2008

• Saudi: 47,502

• Expatriate: 6,939

Total: 54,441

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1. plus 100 apprentices at SASREF

2. excluding College Preparatory Program

Saudi Development ProgramsNumber enrolled at year-end 2008

Two-year apprenticeship 1 4,897

College Degree Program (CDPNEs) 2 1,298

Co-op students 117

College Preparatory Program 346

Associate Degree Program Non-Employees 52

Advanced degree 281

Advanced medical/dental 20

Two-year technical diploma 56

“Our legacy is a benchmark against which Saudi Aramco willcontinue to set new standards of excellence as we respond tothe world’s energy needs reliably, responsibly and sustainably.”

Khalid A. Al-FalihPresident and Chief Executive OfficerSaudi Aramco

www.saudiaramco.com

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