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Saudi Aramco has made 4 new oil and gas discoveries in the Kingdom

Saudi Arabia possesses around 17 % of the world's proven petroleum reserves.

Saudi Aramco has made 4 new oil and gas discoveries in the Kingdom

Riyadh, December 29  - Neftegaz.RU. Saudi Aramco has made 4 new oil and gas discoveries in the Kingdom, Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy, stated.

Aramco’s 1st discovery was of non-conventional oil in Al-Reesh oil field, north-west of Dhahran and drilled Well 2, 3, and 4 well 2 produced:
  • 4,452 barrels per day (bbl/d) of Arab extra light crude oil
  • 3.2 million standard cubic feet of natural gas (mmscf)
As for Well 3, its initial production amounted to 2,745 bbl/d of crude oil and 3 mmscf of gas. Well 4 showed a daily flow of crude at 3,654 bbl/d and 1.6 mmscf of natural gas daily.

The 2nd and 3rd discoveries were made at Al-Sarrah reservoir at Al-Minahhaz well, south-west of the Ghawar oil field, and at Al-Sahbaa well, south of Ghawar. Aramco discovered:
  • non-conventional gas of about 18 mmscf/d
  • with a daily 98 bbl of condensate in Al-Minahhaz well
  • 32 mmscf/d of gas from Al-Sahbaa well
The 4th discovery was made in Al-Ajramiyah Well 1, in the north-west of the city of Rafhaa in the Northern Borders Province.
The well test shows a rate of 3,850 bbl/d.

The Energy Minister noted:
  • the discovery at Al-Reesh field is especially important as it denotes that production is possible at the Tuwaiq Mountain Formation. 
  • Aramco will determine the size and volume of discovered fields and estimate the amount of oil, gas, and condensate in these fields.
According to the OPEC website, Saudi Arabia possesses around 17 % of the world's proven petroleum reserves. The oil and gas sector accounts for about 50 % of gross domestic product, and about 70 % of export earnings.

To read the article in Russian.


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