USD 77.7325


EUR 85.7389


BRENT 25.06


AI-92 42.44


AI-95 46.36


AI-98 51.11


Diesel 47.76



Saudi Aramco announces regulatory approval of Al-Jafurah gas field

Saudi Aramco announces regulatory approval of Al-Jafurah gas field

Riyadh, February 25 - Neftegaz.RU. Saudi Aramco announced the regulatory approval of the development of the Al-Jafurah unconventional gas field in the Eastern Province, the largest non-associated gas field in the Kingdom of Saudi Arabia to date. A statement from the company said the field development plan was subject to usual governance process.

On the occasion, the chairman of Saudi Aramco’s board of directors, Yasser bin Othman Al-Rumayyan, expressed his thanks to Crown Prince Mohammad bin Salman. He said the development of Al-Jafurah is expected to enhance the company’s position in the global energy sector, and help achieve its goal of being the world’s pre-eminent integrated energy and chemicals company.

Saudi Aramco president and CEO, Amin H. Nasser, also expressed his gratitude and thanks to the crown prince and to Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy for their support.

Al-Jafurah has a length of 170km and a width of 100km, and the volume of gas resources in the field is estimated at 200 trillion cubic feet of rich raw gas, which will provide the petrochemical and metallic industries.

Aramco expects the field’s production, which will commence early 2024, to reach approximately 2.2 billion standard cubic feet per day of sales gas by 2036, with an associated approximately 425 million standard cubic feet per day of ethane, representing about 40 % of current production. Aramco also expects the field to produce approximately 550 thousand barrels per day of gas, both liquid and condensate.