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CAIRO: An additional 15 trillion standard cubic feet of gas have been proven at Saudi state oil company Aramco’s Jafurah field, Energy Minister Prince Abdulaziz bin Salman said on Sunday.

Reserves at Jafurah have reached 229 trillion cubic feet of gas and 75 billion barrels of condensates, Prince Abdulaziz said in a statement on state news agency SPA.

Saudi Arabia is working on developing its unconventional gas reserves, which require advanced extraction methods such as those used in the shale gas industry.

Jafurah is the kingdom’s largest unconventional non-oil associated gas field and it is potentially the biggest shale gas development outside of the United States.

Saudi Aramco halts plan to raise production capacity: statement

In 2020, the Jafurah field was estimated to require investments of $110 billion.

Saudi Aramco expects output to reach 420 million cubic feet per day of ethane by 2030, it said on its website.

The Jafurah field would produce some 630,000 barrels per day of gas liquids and condensates by 2030, it said.

Comments

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Aam Aadmi Feb 26, 2024 11:24am
Good news for Pakistan, not because Saudi Arabia is a 'brotherly' Muslim country but because we shall have continuous flow of free money and oil from them.
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mustafa Feb 26, 2024 06:25pm
@Aam Aadmi, Nothing is free... labour work there for 300-400$ as compare to same labour can get 1500-2000$ in Europe moreover weather is harsh in Middle East ..
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