Saudi Aramco Makes New Oil Discovery

Saudi Aramco has discovered two new oil fields south of Al-Ghawar field in the eastern region of the Kingdom.

This was announced by Minister of Petroleum and Mineral Resources Eng. Ali al-Naimi in a statement to the Saudi Press Agency.

Wells drilled at the fields, located south of Dhahran, tested at flow rates of 5,600 barrels a day and 5,569 barrels a day of heavy crude oil respectively, according to SPA. Appraisal wells also recorded flows of 2 million cubic feet a day and 8.2 million cubic feet a day of natural gas at the two fields, SPA said.


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Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
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