Notes by Investec AM

Saudi Arabia – Shifting Sands

Date:

Saudi Arabia – Shifting Sands
Foto: Nepenthes. Arabia Saudita – Arenas de cambio

Author: Fórmate a Fondo

  1. Stability in the region is far more important than the short- term oil price
  2. With oilfield decline rates at 2-6% and strong domestic demand, the kingdom needs to replace 500,000 barrels/day each year if it intends to preserve the oil legacy for future generations
  3. Significant investment in natural gas as well as oil recovery is going to generate a lot of drilling and service business for western providers