Gulf Oil and Gas accountACCOUNT

Shell and Total sign natural gas agreement - South Rub Al-Khali

Source: www.GulfOilandGas.com 7/16/2003, Location: Middle East

Share |
The Royal Dutch/Shell Group of Companies and Total signed an agreement with the Government of the Kingdom of Saudi Arabia, to form a Joint Venture with Saudi Aramco for the exploration of gas in an area of 200,000 km in the southern part of the Rub Al-Khali (the Empty Quarter).

Shell, as leader of the Consortium, will retain a participation of 40% of the new Joint Venture, with Saudi Aramco and Total each 30% participation.

Jeroen van der Veer, President of Royal Dutch and Vice Chairman of the Royal Dutch/Shell Group of Companies, representing the Consortium, met today with His Excellency Ali bin Ibrahim Al-Naimi, Minister of Petroleum and Mineral Resources of the Kingdom of Saudi Arabia, to finalise the agreement. Mr van der Veer was accompanied by Mr. Alain Lechevalier, Vice President Middle East, Exploration & Production of Total.

Mr van der Veer commented: "This agreement is an important breakthrough as it heralds the first time after the creation of Saudi Aramco that foreign International Oil Companies have gained access to gas acreage in the Kingdom of Saudi Arabia, holder of the world’s largest reserves of oil and gas. Shell, on behalf of the Consortium, is naturally proud to be part of this historic moment."

Gas Processing >>

Gas Processing News in Saudi Arabia >>

United Arab Emirates >>  11/11/2018 - On behalf of the Abu Dhabi government, the Abu Dhabi National Oil Company (ADNOC) has signed an agreement with French oil and gas major Total, grantin...
Saudi Arabia >>  11/7/2018 - WorleyParsons has been awarded a five-year framework agreement by Saudi Basic Industries Corporation (SABIC), for the provision of engineering, procur...

Israel >>  11/4/2018 - Israel announces the launching of its second bid round to grant exploration licenses for natural gas and oil in Israel’s economic waters in the Easter...
United Arab Emirates >>  11/4/2018 - Abu Dhabi’s Supreme Petroleum Council (SPC) approved the Abu Dhabi National Oil Company’s (ADNOC) new integrated gas strategy and plans to increase it...

Saudi Arabia >>  10/23/2018 - At the highly impactful Future Investment Initiative (FII) forum in Riyadh, Saudi Aramco signed 15 Memoranda of Understanding (MoUs) and strategic an...
Saudi Arabia >>  10/22/2018 - Seabed Geosolutions (Seabed) and its partner have been awarded a 3D ocean bottom node survey in the Red Sea. The S-79 project will require the acquisi...

Related Categories: Deodorization system  Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 

Related Articles: Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 |

Oil & Gas Projects in Saudi Arabia >>

More News

 

Oil & Gas Companies in Saudi Arabia >>


Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.