The largest of the elephants, the one who made history, and is called Ghawar is dying in Saudi Arabia. The "elephants", in oil parlance, are the deposits of over one billion barrels of proven reserves and recoverable: Ghawar, the king, it has about 80 billion. A monster that continuously provides energy to the world since 1951.
Ghawar is in its final years. It reached the maximum daily production in 2005 and is now subject to a decline of 8% per annum. Like all true greats of the Earth, its agony is long and will not be painless. Ghawar has seen the country change so much around him, in the 60 years of his life, a country that is inextricably linked and that has been transformed thanks to oil.
Ghawar is in its final years. It reached the maximum daily production in 2005 and is now subject to a decline of 8% per annum. Like all true greats of the Earth, its agony is long and will not be painless. Ghawar has seen the country change so much around him, in the 60 years of his life, a country that is inextricably linked and that has been transformed thanks to oil.