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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. Who insists that Saudi Arabia will continue to be able to meet the demand for oil?
(a) The United States.
(b) Saudia Arabian government.
(c) Economic researchers.
(d) OPEC.

2. Arab D Zone 2B produces approximately how much of the oil output in Saudi Arabia?
(a) 40%.
(b) 28%.
(c) 55%.
(d) 70%.

3. Where is the Spindletop field located?
(a) Texas.
(b) Alaska.
(c) California.
(d) Louisiana.

4. When did prorating end?
(a) 1990's.
(b) 1960's.
(c) 1980's.
(d) 1970's.

5. What kind of data surveys are used to help determine where to drill?
(a) Gas pressure data surveys.
(b) Seismic data surveys.
(c) Water data surveys.
(d) Oil data surveys.

6. The three northern sites of Ghawar represent what total of the field?
(a) 15%.
(b) 10%.
(c) 20%.
(d) 25%.

7. When was Berri discovered?
(a) 1954.
(b) 1934.
(c) 1964.
(d) 1924.

8. From 1950-1982, OPEC published information on production levels for each field how often?
(a) Once a decade.
(b) At least once a year.
(c) Once every five years.
(d) Never.

9. What job does Matthew Simmons hold?
(a) Investment banker.
(b) Company CEO.
(c) Oil speculator.
(d) Federal Reserve Chairman.

10. When does water injection become a permanent part of oil production at Abqaiq?
(a) 2000.
(b) 1988.
(c) 1963.
(d) 1971.

11. Approximately how much does it cost to dispose of the water generated by oil production?
(a) $40 billion over the life of a well.
(b) $40 billion per week.
(c) $40 billion per year.
(d) $40 billion per month.

12. How many technical papers does Simmons use to build his case?
(a) Over 200.
(b) Over 50.
(c) Over 100.
(d) Over 150.

13. Water produced by oil drilling is approximately how much larger than the amount of oil produced?
(a) Three times.
(b) Five times.
(c) Six times.
(d) Four times.

14. Without any significant new discoveries, Saudi Arabia will lose what percentage of its oil production when Ghawar closes down?
(a) Less than half.
(b) Approximately 75%.
(c) Aprroximately 80%.
(d) More than half.

15. What else does Saudi Arabia harvest from the oil fields?
(a) Natural gases.
(b) Carbonate.
(c) Hydrogen.
(d) Diamonds.

Short Answer Questions

1. What will Saudi Arabia face if the oil production declines?

2. With the drop of pressure in key fields, what production is increased in the wells?

3. Where is Prudhoe Bay?

4. What evidence is there to support Saudi Arabia's claim that there is enough oil in their fields to last forever?

5. In what year did Abqaiq start operating?

(see the answer keys)

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