Saudi Aramco discovers two new oil and gas fields

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Saudi Aramco has discovered two new oil and gas fields in the north of the country, the kingdom’s energy minister announced on Sunday.The fields, Hadabat Al Hajarah and Abraq Al Talul are located in the northern region of Al Jouf, which borders Jordan, according to a statement from the Saudi press agency.

The Hadabat Al Hajrah field, located east of Sakaka, is estimated to flow 16 million standard cubic feet of gas per day in addition to nearly 1,944 barrels per day of condensate.

Abraq Al Talul’s discovery is expected to contain “unconventional super light Arab oil” as well as flow rates of 1.1 million cubic feet per day of gas and 3,189 b / d of condensate, the minister said. Energy, Prince Abdulaziz bin Salman..

Another reservoir, Al Qawara, has a rate of 2.4 million cubic feet per day of gas and associated condensate.

Saudi Aramco continues to work on “assessing the amounts of oil, gas and condensate in the two fields, in addition to digging other wells to determine the area and size of the two fields,” Prince Abdulaziz said .

Saudi Arabia has the second largest proven oil field, after Venezuela, accounting for 17.2% of total world reserves. The kingdom, however, has relatively smaller gas reservoirs, which account for around 3% of proven reserves.

The new fields are located along the main wind corridors of Saudi Arabia, where work is underway to build the country’s very first wind power plant. The $ 302 billion Sakaka power plant is being built in the northern Al Jouf region using an independent power producer model.

Saudi Arabia has also earmarked its northern region for the futuristic $ 500 billion city of Neom, which straddles the Jordanian and Egyptian borders. The city will be home to a number of future energy projects, including a $ 5 billion green hydrogen plant announced last month.

The latest gas discoveries will come as a relief for the Saudi power grid, which in recent years has switched to cleaner fuel as an alternative to burning crude. The world’s largest oil exporter has started tapping its unconventional gas reserves for its domestic energy needs.

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Updated: Aug 30, 2020 07:56 PM



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