Saudi Aramco GI 20.081 EXPLORATION PROGRAM AND BUDGET

This document is the Saudi Aramco General Instruction Manual GI 20.081, outlining the Exploration Program and Budget. It details the objectives, scope, and procedures for developing, reviewing, approving, and publishing information related to Saudi Aramco's exploration activities.

The manual covers key aspects such as the five-year exploration program, annual budget establishment, budget revisions, and accountability reporting for exploration expenditures. It also defines responsibilities within the Exploration & Producing Business Line and relevant departments like Financial Analysis & Performance Advisory.

This instruction is crucial for understanding the financial framework and operational planning behind Saudi Aramco's efforts to discover new oil and gas reserves and support existing reservoir development. The document specifies what is included and excluded from the exploration budget, such as direct exploration costs versus capital equipment.

Readers will gain insights into the structured process for budgeting, financial control, and reporting for exploration investments, ensuring alignment with accounting standards and corporate cash flow planning. Ideal for financial analysts, budget controllers, exploration managers, and HSE professionals working in the oil and gas industry.