Reckoned at 1.25 million barrels a day, the Khurais oil field will increase Saudi oil production from 11.3 mbd to 12.5 mbd. Situated 160 km south of Riyadh, oil is now being pumped into tanks there in a project that will move more oil than the output of Qatar or Indonesia, at a cost of 37 billion Suadi riyals ($10 billion) . By 2013, another project reckoned to produce 0.9 mbd from an expansion of the Moneefa oil field, will extend Saudi output capacity above an additional 2 mbd.
The Khurais field in fact comprises of three fields, Kurais, Abu Jifan and Mazalij, which yield Arabian light crude, highly sought after since it is readily refined into petrol. The minister for petroleum and mineral resources has made clear that the Kingdom does not depend on this additional supply of oil, and current requirements for oil are not high enough to demand it.
The Kingdom claims it could produce 15 mbd should demand so dictate, and has outlined plans for how this might be done, although there are no immediate intentions to increase output further. I recall King Abdullah saying a while ago that oil "should be left in the ground for future generations", which will leave Saudi in a very powerful position as supplies of oil wane elsewhere throughout the world.
In addition to its oil otuput, the Khurais field will also produce 315 million cubic feet per day of sour gas and 70,000 bpd of natural gas liquids, which will be processed at the Shedgum and Yanbu gas refineries. A reserve of 27 billion barrels of oil is reckoned for Khurais. The global economic recession has slowed demand for oil and this has prompted the OPEC nations to cut oil production, including Saudi. It is expected that Khurais will be producing oil for the next 20 - 25 years.
Altogether, the project necessitates drilling 420 wells and constructing 4 new oil and two new gas processing plants. An expansion of seawater well-injection by 4.5 million barrels a day at the Qurayyah treatment plant is also necessary.
"Saudi Aramoco Starts Production From Khurais Oil Field in Riyadh, Saudi Arabia," http://www.energy-business-review.com/news/saudi_aramco_starts_production_from_khurais_oil_field_in_riyadh_saudi_arabia_090611