Page 15 - MEOG Week 33 2022

MEOG NEWS IN BRIEF MEOG

million barrels per day of oil from domestic valued at $10 billion for the Jafurah gas plant With an estimated 200 Tcf of gas in place,
use, boosting export capacity. and gas compression facilities, as well as the Jafurah basin hosts the largest liquids-rich
“We are increasing our gas production by infrastructure and related surface facilities”. shale gas play in the Middle East, Aramco
more than 50% over the next eight years, and The Jafurah site is thought to be the largest earlier noted.
that will eliminate almost a million barrels known free gas field in the kingdom and a Saudi Arabia Energy Minister Abdulaziz
liquid burning in the kingdom,” Nasser said. key component of Aramco’s strategy to ramp bin Salman al Saud has earlier highlighted
Saudi Arabia’s dry natural gas production up unconventional gas output, in line with its the country’s plans to tap into its Jafurah gas
exceeded 4 trillion cubic feet for the first time energy transition plans. reserves to produce hydrogen.
in 2020. The company has already announced its Crown Prince Mohammad bin Salman
Aramco commissioned the Fadhili natural ambition to achieve net-zero greenhouse gas in 2020 said that “the development of the
gas processing plant in 2019 and began emissions on a Scope 1 and 2 basis across its field would earn, within 22 years from the
processing natural gas from non-associated wholly-owned operating assets by 2050. beginning of its development, a net income
fields in the eastern region, scaling up gas- Aramco earlier said its capital expenditure for the government of about $8.6 billion
based infrastructure in the country. at Jafurah is expected to total $68 billion over and provide gross domestic product with an
Most of the incremental gas production in the first 10 years of development. estimated $20 billion annually”.
the country is likely to come from the Jafurah However, the company expects more The Jafurah field covers a length of 170
development, which is also the largest non- than $100 billion in total overall life-cycle kilometres and a width of 100 kilometres
associated gas field in Saudi Arabia, with over investment at Jafurah. between Ghawar — the world’s largest
200 Tcf reserves. Production is expected to reach up to 2 conventional onshore oilfield — and the
In November last year, Aramco awarded billion cubic feet per day of sales gas, 418 Saudi coast.
multiple contracts for Jafurah, describing the million cubic feet per day of ethane and about UPSTREAM
awards of “16 subsurface and engineering, 630,000 bpd of gas liquids and condensate by
procurement and construction contracts 2030.

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