Press Esc to close



For full content view: Log in Now!

  • World of Oil

    Kurt S. Abraham, Managing/International Editor

    Western oil companies’ hopes of entering Saudi Arabia’s upstream gas market appear to have been crushed. In a surprise move that could damage relations with the U.S., Saudi Foreign Minister Prince Saud al-Faisal took three gas development areas previously awarded to foreign consortia off the table. As was leaked to a New York-based newspaper, Prince Faisal divulged his decision in a letter early last month to ExxonMobil and Royal Dutch Shell, leaders of the consortia set to operate the tracts. Talks aimed at signing final contracts for the areas had been bogged down for months over the rate of return that foreign firms would receive. Instead of these premier areas, the Saudis were preparing to offer a scaled-down, "take it or leave it" program of less significant gas tracts. Oil companies said that they do not believe these areas can produce sufficient income to offset investments needed for desalination, power and other projects.

This area of the site is restricted. In order to gain access, please either Log In, or subscribe to World Oil.

Two options are available to you for creating an account.

1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.

Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.

Free Trial

2. Purchase a subscription to World Oil magazine and gain immediate and complete access to World Oil Online. As a Total Access subscriber you will have access to all areas of the site available to registered users and free subscribers as well as having access to such premium content areas as:

  • The Archives section containing over ten years of complete magazine archives,
  • The WO DataHub's engineering tables and directories,
  • The World Oil annual forecasts, including past predictions,
  • Select World Oil technical handbooks,
  • And much, much more!


Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.

If you are already a paid subscriber and do not have access, please email



Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.


2013 Fracturing Technology

2013 Fracturing Technology