Data Quality
Since 1982, the Saudis have withheld their well data and any detailed data on their reserves, giving outside experts no way to verify Saudi claims regarding the overall size of their reserves and output. This has caused some to question the current state of their oil fields. In a study discussed in Matthew Simmons's book Twilight in the Desert, 200 technical papers on Saudi reserves by the Society of Petroleum Engineers were analyzed to reach the conclusion that Saudi Arabia's oil production faces near term decline, and that it will not be able to consistently produce more than 2004 levels. Simmons also argues that the Saudis may have irretrievably damaged their large oil fields by over-pumping salt water into the fields in an effort to maintain the fields' pressure and boost short term oil extraction.
Diplomatic cables leaked during the United States diplomatic cables leak in 2011 revealed that Sadad al Husseini, former vice president of Saudi Arabia's oil monopoly Aramco, warned the US that the oil reserves in Saudi Arabia might in fact be 40% lower than claimed (300bn barrels).
Read more about this topic: Oil Reserves In Saudi Arabia
Famous quotes containing the words data and/or quality:
“To write it, it took three months; to conceive it three minutes; to collect the data in it—all my life.”
—F. Scott Fitzgerald (1896–1940)
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