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This foreign company associated with Reliance found a priceless treasure buried in the earth

Saudi Arabia has discovered large gas reserves in the Juferah area. After the new discovery, the number of resources in the field has increased to 229 trillion standard cubic feet of gas and 75 billion barrels of condensate, according to a statement from Saudi Arabia's Ministry of Energy.
3 Month ago

Saudi Arabia is one of the largest oil producing countries in the world. Apart from large oil reserves, there are a large number of gas fields located here. Saudi Arabia's state-owned company Saudi Aramco has discovered 229 trillion standard cubic feet of gas and 75 billion barrels of condensate in its latest discoveries. Saudi Aramco has discovered two new gas fields in Jufarah in the Eastern Province, the Ministry of Energy said in a statement, citing Energy Minister Prince Abdulaziz bin Salman. The first discovery was made in the Hanifa water reserve of the Al-Hiran-1 well and the second discovery was made in the Al-Mahakek-2 well, the Ministry of Energy statement said.

Saudi Arabia has already signaled that it is looking for other sources of energy to reduce its reliance on fossil fuels. It also includes solar energy and gas energy. The discovery of such large gas reserves is expected to benefit the Saudi economy. Prior to this, Saudi Arabia has found gas in 5 more fields that flow 46 million SCF of gas per day.

Gas is being extracted with special technology

In November last year, Saudi Aramco started production of unconventional gas in South Ghawar. Unconventional gas, also known as shale gas, is usually found in reserves, where hydrocarbons are tightly trapped in rock layers. Extracting gas from between rock layers requires special technology.

According to the report, the ongoing facility for gas extraction at South Ghawar has a capacity of 300 million SCF and 38 thousand barrels per day for condensate. Speaking at the International Petroleum Conference in February about non-oil energy reserves, Saudi Aramco CEO Amin Nasser said the company is looking at all types of energy reserves, including oil and gas, along with new energy.

Aramco has joined the LNG business

Speaking at the conference, Saudi Aramco CEO Amin Nasser also said that the company has the full potential to develop any sector and make it profitable. According to Arabian Drilling, 850 million riyals ($226.7 million) of LNG will be supplied to Aramco. Let us tell you that the company's unconventional gas production is ready to convert 500,000 barrels per day of crude oil used for domestic energy consumption into gas.

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