Saudi Arabia discovers four oil fields
Saudi Arabia’s national oil and gas company Saudi Aramco has announced the discovery of four oil and gas fields. Saudi Energy Minister Prince Abdulaziz Bin Salman said the company was assessing the extent of oil, gas and condensate reserves in those fields and determining the overall size of the new deposits.

     The minister said the field at al-Reesh , northwest of the city of Dahran in the east of the kingdom, had yielded unconventional oil and as had the al-Ajramiyah well near the city of Rafha, near the border with Iraq.

     Deposits of non-traditional gas has been found at two wells southwest of the Ghawar field. Production at these totalled 510,000 and 906,000 cubic metres per day.

    Ghawar is Saudi Arabia’s largest deposit of shale oil.

    The minister described the discoveries as important as they amounted to confirmation that the Tuwaiq escarpment could be a source for Arab Light oil.

       Saudi Arabia is the world’s third largest producer of oil and one of the world’s most important exporters, accounting for about 17 % the world’s oil reserves. The kingdom produces about 8.9 million barrels of oil per day against the background of the OPEC+ agreement imposing limits on oil production. It has the capacity to boost production to greater than 12 million bpd.

    Experts do not expect commercial exploitation of the new deposits in the near future – extraction of non-convention hydrocarbons is more expensive and the country has large reserves of “standard” oil.

    But Saudi Arabia, as one of the leaders of the OPEC+ deal, will almost certainly need to replenish its resource base through the newly-discovered deposits.


Share on facebook
Share on telegram
Share on email
Share on twitter
Share on vk
Share on odnoklassniki
Share on reddit

Add comments

Your email address will not be published. Required fields are marked *

Indonesia will build 100 MW floating SPP

Indonesian PT PLN Nusantara Power, the subsidiary of the state-owned energy distributor Persero, announced the tender for building a 100 MW floating solar power station (SPP). The Karangkates project will be implemented at the water reservoir of the dumb with the same name on Java Island.

read more ...

Russian scientists developed new method for breaking oil-water emulsions

The scientists from the V.I. Vernadsky Institute of Geochemistry and Analytical Chemistry of the Russian Academy of Sciences (RAS) developed a new method for breaking field oil-water emulsions into water and oil without specialised chemical agents. It helps to receive feedstock for downstream refining or for sales. The research outcomes are published in the Journal of Petroleum Science and Engineering.

read more ...


December 2020