The New Saudi Discovery: Sparking an Energy Storm with Astonishing Reserves of Natural Gas and Condensate
Saudi Aramco has discovered 150 trillion standard cubic feet of natural gas in the Jafurah oil field in the country.
According to a news statement from the Ministry of Energy, the discovery also includes 2 billion barrels of condensate. The ministry, citing Saudi Energy Minister Abdulaziz bin Salman, stated in the news release that with the latest discovery, the field's resource estimates have reached 229 trillion standard cubic feet of natural gas and 75 billion barrels of condensate. The statement further noted that this discovery is the result of the energy giant (also known as Saudi Aramco) adopting the highest international standards in estimating and developing hydrocarbon resources to ensure their proper extraction.
In November 2023, the Ministry of Energy announced that Saudi Aramco had discovered two new gas fields in the Eastern Province and an open area. The ministry stated in a news release:
The first discovery occurred at the Hanifa reservoir of the Al-Hiran-1 well. Reportedly, the gas field was found after the above reservoir flowed out 30 million cubic feet of natural gas and 1,600 barrels of condensate per day.
The second discovery was made at the Al-Mahakek-2 well, with a natural resource flow rate of 850,000 standard cubic feet per day. The ministry added that natural gas was also discovered in five other reservoirs of previously discovered oil fields, including the Jalla reservoir of the Assekra oil field, with a gas flow rate of 46 million standard cubic feet per day.
In early February, Amin H. Nasser, CEO of Saudi Aramco, stated during a speech at the International Petroleum Technology Conference held in Dhahran that the company is focusing on the continuity of all types of energy production, including oil, gas, and renewable energy. He also added that Aramco is fully capable of developing and establishing profitable ventures in any field.
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