World of Oil ///

Saudi Aramco sets record operating plan The Executive Committee of Saudi Aramco’s Board of Directors met Dec. 6 and approved a very aggressive 2007 Operating Plan that also includes a greater emphasis on safety in all activities. In a conference call to the meeting, chaired by President and CEO Abdaallah S. Jum’ah, the company’s senior vice president for E&P, Abd Allah S. Al-Saif, described the plan as “maximizing Saudi Aramco’s contribution to the Kingdom’s revenues while focusing on the effective management of an unparalleled workload in a challenging business environment.” The plan includes record drilling requirements, continued high production and development “of new increments.” “We are executing the largest capital program in the company’s history,” said Al-Saif. “We must rely upon our own skills, on technology, on innovation, and on a fully prepared and resilient workforce to achieve our corporate goals and objectives.”

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