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
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.
Saudi-backed Yemeni government forces have secured effective control of the Bab el-Mandeb Strait, Yemen's Information Minister Moammar al-Eryani told Reuters on Monday, though fighting continues with Houthi forces in the area.
The leader of Yemen's Saudi-backed government announced the beginning of a major military operation against the Iran-backed Houthis on Sunday aimed at seizing the territory under their control.
Eighty-five percent of African private-sector transactions are conducted with companies outside the continent. Egyptian President Abdel Fattah El-Sisi used that figure on Saturday to open the inaugural Alamein Africa Forum, a three-day business summit in the Mediterranean city of El-Alamein.
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.