The Shaybah oilfield in Saudi Arabia is a major crude oil producing site just south of the United Arab Emirates.
Bruce Fenton, an economic advisor focused on emerging markets such as the Middle East and the founder and President of Atlantic Financial Inc. (www.atlanticfinancial.com), filmed part of a tour of the Aramco site.
The field produces 750,000 barrels of crude oil per day as well as natural gas.
The new facility at Shaybah cost $2 billion to develop. Work started in 1998 and the community now houses about 2,000 people.
Reserves of the Shaybah field are estimated at over 14 billion barrels of crude oil and about 25,000,000,000,000 ft.³ of natural gas.
The crude is Arabian extra light with a specific gravity of 42 degrees api and a sulphur content of less than 0.7 percent.