Saudi Aramco is one of the world’s largest companies. It is based in Dhahran, Saudi Arabia. It has more than 270 billion barrels, the world’s second-largest proven oil reserves. It is the Kingdom of Saudi Arabia’s state-owned oil company and a fully integrated global oil and chemicals organization. It has become a world leader in the discovery, development, processing, distribution, and marketing of hydrocarbons. Its plants and people who run them, make it the largest exporter of Crude Oil in the world. Its daily average production is 10.2 million barrels of Crude Oil per day.
Headquarters: Dhahran, Saudi Arabia
Annual Revenue: 355.9 Billion U.S Dollars
Number of Employees: Approx. 65,000
- In 1920, the emergence of Saudi Aramco traces back to World War 1, oil shortages.
- In 1938, the seventh drill site in Dhahran was the first success after four years of unrewarding discoveries.
- In 1950, King Abdul-Aziz decided to nationalize the oil installations of his kingdom, coercing Aramco to commit to a 50/50 profit sharing.
- In 1951, the firm discovered the Safaniya Oil Field, the largest offshore field in the world.
- In 1957, the company accepted the Ghawar Field as the largest onshore field in the world, after uncovering several oil fields connected to it.
- In 1974, it expanded its interest in participation to 60% and picked up the remaining 40% interest in 1976.
- In 1985, Aramco was willing to combine a billion inappropriate fuel norm cubic feet per day.
- In 1994, in the deeper layer, Aramco found more non-associated gas and developed plants to refine it in Hawiyah and Haradh.
- In 2001, Saudi Arabia launched the Gas initiative, which suggested the development of three joint ventures with eight IOCs for gas discovery on pure upstream ground.
- In 2003, Total S.A. and Royal Dutch Shell partnerships were established in Core Venture 3 with Saudi Aramco.
- In 2004, from a projected 10 mbpd, Aramco delivered 8.6 million barrels per day.
- In 2009, the company reduced its production to 7.7 mbpd as the prices tumbled.
- In 2011, Saudi Aramco started producing more than 400 million SCF per day from the Karan Gas Field.
- Saudi Arabia’s Prince, Mohammed bin Salman Al Saud, declared in 2016 that he was contemplating listing shares of the state-owned company stocks and selling around 5% of them to build a large sovereign fund.
- Aramco received $12 billion in debt in 2019. Its first global bond issue received orders from foreign lenders in excess of $100 billion, smashing all benchmarks for a bond issued by an emerging market company.
The company provides the following products worldwide:
- Crude Oil:
This company has established production of different quantities of Crude Oil. It has built a character of unequaled reliability in supplying Crude Oil to energy markets worldwide.It continues to invest in its downstream capability to assure that it satisfies rising challenge well into the future. It produces five different types of Crude Oil:
- Arabian Heavy
- Arabian Medium
- Arabian Light
- Arabian Extra Light
- Arabian Super Light
- Natural Gas:
In the mid-1970s, Gas has been collected and used as a way of generating new demand sources beyond Crude Oil. The company has become the world’s seventh-largest natural gas firm and is the sole supplier of natural gas. It provides active operations with an effective, cleaner-burning fuel solution which helps to reduce pollution.
- Refined products:
Its network of wholly-owned domestic refineries and its joint projects’ refineries with global partners, are supplying the industry with important feedstock and vital fuels that meet the needs of prosperous communities around the world.
- Retail Fuels:
It supplies high-quality fuels to the local market for auto, home, and business purposes. Its network of domestic refineries and distribution centers places it in a unique position to create greater value for its business and its clients through expanded operational ability and the introduction of new revenue-generating product lines.
- Base Oil:
Due to its strategically located Base Oil facilities, customers can easily source Base Oils that meet their specifications for finished lubricants.
Converge Polyols Technology absorbs and blend the greenhouse Gas Carbon Dioxide with hydrocarbon feedstock to create high-performance polyols for everyday use. These polyol chemicals are used in:
- Household appliance coatings
- Commercial and industrial adhesives
- Automotive and medical products
- Food packaging
Countries of Operation:
Other than Dhahran, Saudi Arabia, the company has offices and operations throughout the kingdom of Saudi Arabia. Other countries where the company has its offices are:
- United Kingdom &
- United States
Regular technical development is a major facilitator of its products’ long-term sustainability. The company’s approach helps it to strengthen its global position in Oil and Gas industry by working efficiently and resiliently. There is a strong emphasis on upstream and downstream innovations that increase the availability, performance, sustainability, and profitability of its products and services. It makes important and positive contributions to major global energy issues by developing spectacular, innovative solutions for the good of its industry as well as for the energy users around the globe.
LINKS TO JOBS AT SAUDI ARAMCO
- Engineer (Safety Operations)
- Rotating Equipment Engineer
- Electrical Engineer (Distribution Systems)
- Data Engineer
- Oracle Database Administrator
- JV Financial Accounting
- Drilling Engineering – Upstream JV Management
- Geological Modeler
- Culture Specialist
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