Gulf Oil and Gas accountACCOUNT

Aramco Says Developing Shale Deposits will be Challenge

Source: Bloomberg 4/10/2012, Location: Middle East

Developing shale gas in Saudi Arabia will be a challenge as most of it is in deep reservoirs with very low permeability, according to Saudi Arabian Oil Co. The country, the world’s largest crude exporter, still has “great potential” in shale gas and needs to develop the resources to meet rising domestic demand, Adnan Kanaan, general supervisor for gas reservoir management at the state-owned producer known as Saudi Aramco, said at a conference in Khobar, Saudi Arabia.

Saudi Aramco will work with international service companies such as Baker Hughes Inc. (BHI), Halliburton Co. (HAL) and Schlumberger Ltd. to develop shale gas, Kanaan said.

Natural gas prices in Saudi Arabia are low, making developing the kingdom’s unconventional gas deposits such as shale and tight gas economically challenging, Khalid al-Falih, the head of Saudi Aramco, said in January. The company is drilling a number of wells for shale and tight gas in the northwest of the country, he said. Saudi Arabia sells gas locally at a subsidized price of 75 cents per million British thermal units.

Shale Gas News in Saudi Arabia >>

Oman >>  7/17/2019 - JGC Corporation (hereinafter referred to as "JGC") announced today that it has been awarded a Front End Engineering and Design (FEED) contract under a...
Saudi Arabia >>  7/10/2019 - McDermott International, Inc. (MDR) has been awarded a contract in excess of $1.5 billion for Package 4 of Saudi Aramco's Marjan Increment Development...

Saudi Arabia >>  7/9/2019 - Saudi Aramco has awarded 34 contracts with a total value of $18 billion for the engineering, procurement and construction of the Marjan and Berri incr...
Kuwait >>  7/1/2019 - Kuwait Oil Company (KOC) and Halliburton have signed an Integrated Offshore Drilling Services contract for six high-pressure high-temperature (HPHT) e...

Saudi Arabia >>  7/1/2019 - Saudi Aramco and Baker Hughes, a GE company (BHGE) signed a memorandum of understanding to create a new joint venture facility in Saudi Arabia to man...
United Arab Emirates >>  7/1/2019 - DP World PLC announces the acquisition of 100 per cent of Topaz Energy and Marine Limited (“Topaz”) from Renaissance Services SAOG and Standard Charte...

Related Categories: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 |

More News

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.