Aramco Gets Jafurah Approval



Aramco Gets Jafurah Approval
Saudi Aramco has announced regulatory approval of the development of the Jafurah unconventional gas field in the Eastern Province.

Saudi Aramco has announced regulatory approval of the development of the Jafurah unconventional gas field in the Eastern Province.

The development plan for the asset, which Aramco says is the largest non-associated gas field in the Kingdom of Saudi Arabia to date, is subject to the company’s usual governance process, Aramco highlighted.

The volume of gas resources in the Jafurah field, which is said to have a length of 105 miles and a width of 62 miles, is estimated at 200 trillion cubic feet of rich raw gas, according to Aramco. The company expects the field’s production to commence in early 2024 and reach approximately 2.2 billion standard cubic feet per day of sales gas by 2036, with an associated approximately 425 million standard cubic feet per day of ethane.

Aramco also expects the field to produce approximately 550,000 barrels per day of gas liquids and condensates.

Yasir bin Othman Al-Rumayyan, the chairman of Saudi Aramco’s board of directors, said the development of Jafurah is expected to enhance the company’s position in the global energy sector and help achieve its goal of being the world’s pre-eminent integrated energy and chemicals company.

Saudi Aramco President and CEO, Amin H. Nasser, said the development of Jafurah is meant to support the company’s diverse resources and the Kingdom’s economic development.

According to its website, Aramco has been capturing and using gas as a way to generate additional value streams beyond crude oil since the mid-1970s. Today, the company is the sole supplier of natural gas to Saudi Arabia, Aramco’s website highlights.

Aramco is a leading producer of the energy and chemicals that drive global commerce and enhance the daily lives of people around the globe, the company’s website states. Aramco manages the Kingdom’s proved reserves of 336.2 billion barrels of oil equivalent and employs 76,000 people, its website shows.

To contact the author, email andreas.exarheas@rigzone.com



WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.