Saudi Aramco officially the Saudi Arabian Oil Company, most popularly known just as Aramco (formerly Arabian-American Oil Company), is a Saudi Arabian national petroleum and natural gas company based in Dhahran. Saudi Aramcoa��s market value has been estimated at between $2 trillion and $10 trillion, making it the most valuable company in the world. It is one of the largest companies in the world by revenue and, according to accounts seen by Bloomberg News, the most profitable company in the world. Saudi Aramco has both the worlda��s second-largest proven crude oil reserves, at more than 270 billion barrels and second-largest daily oil production.
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Headquartered in Dhahran, Saudi Arabia, Saudi Aramco operates the worlda��s largest single hydrocarbon network, the Master Gas System. Its 2013 crude oil production total was 3.4 billion barrels and it manages over one hundred oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet of natural gas reserves. Saudi Aramco operates the Ghawar Field, the worlda��s largest onshore oil field, and the Safaniya Field, the worlda��s largest offshore oil field.
Saudi Aramco is headquartered in Dhahran, but its operations span the globe and include exploration, production, refining, chemicals, distribution, and marketing. All these activities of the company are monitored by the Saudi Arabian Ministry of Petroleum and Mineral Resources together with the Supreme Council for Petroleum and Minerals.However, the ministry has much more responsibility in this regard than the council.
A significant portion of the Saudi Aramco workforce consists of geophysicists and geologists. Saudi Aramco has been exploring for oil and gas reservoirs since 1982. Most of this process takes place at the Exploration and Petroleum Engineering Center. Originally, Saudi Aramco used Cray Supercomputers in its EXPEC Computer Center to assist in processing the colossal quantity of data obtained during exploration and in 2001, decided to use Linux clusters as a replacement for the decommissioned Cray systems.A� A�