According to a Reuters report on September 18th in Dubai, national oil giant Saudi Aramco will spend more than 500 billion rials ($133 billion) on oil and gas drilling in the next decade, a company executive said on Monday.
“We will spend more than 500 billion Saudi riyals for drilling activities over the next decade to meet the goals and objectives of the ambitious Saudi vision 2030.†Mohammed al-Qahtani, senior vice president of Amer's upstream, in a statement Said.
According to the statement, he delivered a speech at the Saudi Drilling Institute (SADA) graduation ceremony in Abqaiq, Saudi Arabia.
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