Saudi Aramco Confirms Estimated $100B Gas Field Phased Expansion

Saudi Aramco has confirmed a phased development for its Jafurah onshore gas production project with an estimated $100 billion overall investment.  It is expected to produce up to 3.1 billion cu ft per day of natural gas liquids and condensates by the next decade.  Construction of production facilities is in two phases—the first to complete in 2025 and the second two years later.  It represents one of the largest shale gas fields outside the U.S. and holds an estimated reserve of 200 trillion cu ft of gas.