SAUDI ARABIA PLANS HUGE INCREASE IN OIL SEARCH

  • Middle East Newsline
  • December 20, 2005
ABU DHABI [MENL] -- Saudi Arabia plans to significantly increase efforts tosearch for new oil reserves. Saudi Aramco has approved a plan that envisions a 61 percent increase inthe number of development wells drilled in 2006. The augmented drillingwould seek to increase production to accommodate for any rise in demand.
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