Saudi Arabia to open oldest field to tap heavy oil.

Bloomberg: “Saudi Arabian Oil Co. plans to re- open the Gulf kingdom’s oldest oil field and produce there for the first time in 30 years as the company boosts output of heavy crude, the Economist Intelligence Unit said.” The mothballed Dammam field contains some 500 million barrels of oil and may yield as much as 100,000 barrels a day of Arabian Heavy crude. “Aramco is also speeding up a project to increase capacity for heavy crude at the Manifa field.”