Skip to main content

Saudi Arabia unveils major boost in proven gas and condensate reserves at Jafurah

1 min Mena Today

Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz stated that Saudi Aramco has been able to significantly increase the quantities of proven reserves of gas and condensate in the Jafurah unconventional field.

Abdulaziz bin Salman bin Abdulaziz © SAPS

Abdulaziz bin Salman bin Abdulaziz © SAPS

Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz stated that Saudi Aramco has been able to significantly increase the quantities of proven reserves of gas and condensate in the Jafurah unconventional field.

The additional proven reserves reached 15 trillion standard cubic feet of gas and 2 billion barrels of condensate.

The Minister indicated that this achievement is a result of applying the highest international standards in estimating and developing hydrocarbon resources in a manner that ensures proper exploitation.

Resources at Jafurah are now estimated at 229 trillion standard cubic feet of gas and 75 billion barrels of condensates. Resources and proven reserves estimates have been certified by a major independent consulting company, specialized in assessing resources and proven reserves.

Tags

Related

Turkey

Turkey: diplomacy is the only way out of Iran crisis

Turkish Foreign Minister Hakan Fidan cautioned on Friday against any renewed attack on Iran, saying such a move would exacerbate tensions and further expand the conflict there, adding that diplomacy and dialogue were the only way to end the war.

Saudi Arabia

Saudi Arabia may be building more powerful missiles, researchers say

Saudi Arabia appears to be expanding its ballistic missile factory to build larger solid-fuel missiles that could fly farther or carry heavier payloads, according to two US researchers who analyzed more than a year of commercial satellite images.

Subscribe to our newsletter

Mena banner 4

To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.

  • Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.