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‎KSA announces oil, natural gas discoveries

July 2, 2024
in Business
‎KSA announces oil, natural gas discoveries
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Saudi Arabia announces new oil, natural gas discoveries in Eastern Province, Empty Quarter

Logo of Saudi Aramco

Saudi Arabia announced today the discovery of new oil and natural gas fields in the Eastern Province and the Empty Quarter, announced Minister of Energy Prince Abdulaziz bin Salman “Saudi Aramco has discovered two unconventional oil fields, one Arabian light oil reservoir, two natural gas fields, and two natural gas reservoirs in the Eastern Province and the Empty Quarter,” said the Minister.

Al-Ladam field for unconventional oil was discovered in the Eastern Province after the flow of very light Arabian oil from the Ladam-2 well at a rate of 5100 barrels per day, accompanied by about 4.9 million standard cubic feet of natural gas per day, he added.

The discovery of Al-Farouq unconventional oil field was confirmed in the Eastern Province after the Arabian very light oil flowed from Al-Farouq-4 well at a rate of 4557 barrels per day, accompanied by about 3.79 million standard cubic feet of gas per day.

The Unayza B/C reservoir was also discovered in the Mazaleej field in the Eastern Province, after Arab light oil flowed from the Mazaleej-62 well at a rate of 1780 barrels per day, accompanied by about 0.7 million standard cubic feet of gas per day. Al-Jahaq natural gas field was discovered in the Empty Quarter after natural gas flowed from the Al-Arab-C reservoir in the Al-Jahaq-1 well at a rate of 5.3 million standard cubic feet per day, and from Al-Arab-C reservoir in the same well at a rate of 1.1 million standard cubic feet per day.

It was also confirmed the discovery of Al-Katuf field in the Empty Quarter after natural gas flowed from Al-Katuf-1 well at a rate of 7.6 million standard cubic feet per day, accompanied by about 40 barrels per day of condensate. The Hanifa reservoir was also discovered in the Asikra field in the Empty Quarter after natural gas flowed from the Asikra-6 well at a rate of 4.9 million standard cubic feet per day. It flowed into the same well from the Al-Fadhili reservoir at a rate of 0.6 million standard cubic feet per day, accompanied by about 100 barrels per day of condensate.

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Copyright for syndicated content belongs to the linked Source : Argaam EN – https://www.argaam.com/en/article/articledetail/id/1738155

Tags: announcesbusiness‎KSA
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