Gulf Oil and Gas accountACCOUNT

Aramco to Drill 7 Gas Exploration Wells in Tabuk

Source: The Wall Street Journal 12/31/2012, Location: Middle East

State oil giant Saudi Arabian Oil Co., or Aramco, plans to drill seven gas exploration wells in deep and shallow water in the Red Sea, off the coast of the northwestern city of Tabuk, the firm's chief executive Khalid al-Falih said.

The province has given indications that it is full of hydrocarbon wealth, Mr. Falih said, according to state-run Saudi Press Agency, or SPA.

He did not, however, give a timeline for the exploration work.

Aramco will also start gas production at its Midyan field in Tabuk, which was discovered in the 1980s, in 2013.

The field has significant reserves, and the gas will be used for power generation.

Gas from Midyan will be transported by pipeline to a power plant in the coastal town of Duba, 135 kilometers southwest of the field. Aramco will drill more wells to appraise the field, which is forecast to produce 75 million cubic feet a day of gas and 4,500 barrels a day of condensate for a 20-year period.

Saudi Arabia, the world's largest oil exporter, plans to greatly increase gas production to meet domestic energy demand and free up crude oil for export.

However, the country hasn't yet discovered non-associated natural gas in sufficient quantities to replace oil as the fuel for its planned electricity plants and guarantee cheap feedstock for new petrochemical factories.

Aramco is one of the largest oil and gas companies in the world, with activities in exploration, production, refining, distribution, shipping and marketing.

The firm's gas production averaged 9.9 billion cubic feet per day in 2011, up from 9.4 billion cubic feet per day in 2010, while gas reserves rose to 282.6 trillion standard cubic feet from 279 trillion standard cubic feet.

Drilling Engineering & Equipment Systems News in Saudi Arabia >>

United Arab Emirates >>  8/21/2019 - Aker Solutions has won an order from ADNOC (Abu Dhabi National Oil Company) to deliver subsea umbilicals for the Dalma gas development project located...
Qatar >>  8/15/2019 - Seadrill Limited (Seadrill) refers to the announcements made on May 1, 2019 in connection with the award of drilling contracts by Qatar Petroleum to ...

Oman >>  7/31/2019 - BP and Eni have signed an exploration and production sharing agreement (EPSA) for Block 77 in central Oman with the Ministry of Oil and Gas of the Sul...
United Arab Emirates >>  7/31/2019 - OMV, the international integrated oil and gas company based in Vienna, and ADNOC, the Abu Dhabi National Oil Company, closed the strategic equity part...

United Arab Emirates >>  7/29/2019 - National Petroleum Construction Company (NPCC), in conjunction with its joint venture (JV) partner Petrofac, has secured a new contract with Al Yasat ...
Iraq >>  7/28/2019 - Dana Gas PJSC, the Middle East's largest private sector natural gas company, announces that its share of the proved plus probable (2P) hydrocarbon res...

Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


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

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.