Saudi Aramco Makes Oil Discovery in Kingdom's Central Region

Saudi Aramco has found a new field for light Arab oil in the central region according to the Minister of Petroleum and Mineral Resources, Eng Ali Bin Ibrahim Al-Naimi.

The oil was discovered at the well of Du'eiban-1, about 125 kilometers southeast of Riyadh. The new well will produce 3, 300 barrels per day of oil which is free from sulphur from a depth of 10,260 feet.

The density of the newly discovered oil is 41 degrees according to the measurement of the American Petroleum Institute. The oil is accompanied by three million cubic feet of gas per day.

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Brent Crude Oil : $51.33/BBL 1.14%
Light Crude Oil : $48.37/BBL 1.34%
Natural Gas : $3.1/MMBtu 1.63%
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