The CEO of Saudi Aramco said that he expects its Jafurah gas field to produce approximately 2 billion cubic feet of gas per day by 2030. Saudi Arabia is working to develop its unconventional gas reserves, unconventional because they require advanced extraction methods such as shale gas. Saudi-owned Al Arabiya TV quoted the energy minister as saying that the cost of developing Jafoura field will be $24 billion, adding that Aramco signed agreements worth $10 billion for the development of the field. Jafurah is the kingdom’s largest unconventional non-oil associated gas field, with reserves estimated at 200 trillion cubic feet of raw gas.
- Saudi Aramco expects about 2 bcf/day in gas from Jafurah field, CEO says