Shell-led Consortium Wins Saudi Gas Deal

A consortium composed of Shell and Total has accepted the offer of the Kingdom of Saudi Arabia with regard to upstream gas operations in vast areas of the South Rub' al-Khali, amounting to 200,000 square kilometers.

The offer was accepted during a meeting between the minister of Petroleum and mineral Resources Eng. Ali bin Ibrahim Al-Naimi and the Vice-Chairman of the Committee of Managing Directors of the Royal Dutch/Shell Group of Companies, Jeroen van der Veer, which was held on Wednesday afternoon, (July 16, 2003) in the minister's office in Riyadh in the presence of Total's Vice President Alain Lechevalier.

Following the meeting, Eng. Al-Naimi told The Saudi Press Agency (SPA), "this project is a vital step and represents a vigorous start to international investment in gas exploration and development in the Kingdom.