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Saudi Arabia

Saudi Arabia Announces Discovery of 14 New Oil and Gas Fields

  • Gulf Trick

In a major boost to its energy sector, Saudi Arabia has announced the discovery of 14 new oil and gas fields, marking a significant step towards enhancing its hydrocarbon potential.

These discoveries, unveiled by Saudi Aramco, are located in the Eastern Region and the expansive Empty Quarter, further solidifying the Kingdom’s position as a global energy leader.

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Details of the Discoveries

The newly identified fields comprise six oil fields and two reservoirs of Arabian oil, alongside two gas fields and four natural gas reservoirs.

This diverse array of resources is expected to play a crucial role in meeting both domestic and international energy demands.

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Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz expressed his congratulations to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and Crown Prince Mohammed bin Salman.

He highlighted the discoveries as a testament to Saudi Arabia’s commitment to economic growth and sustainable energy development.

Key Fields and Production Rates

Among the notable discoveries is the Jabu oil field, where Arabian Extra Light Oil was found flowing at a rate of 800 barrels per day (bpd) from the Jabu-1 well.

The Sayahid oil field also showed promising results, yielding 630 bpd. The Ayfan oil field was particularly noteworthy, with production reaching 2,840 bpd and an associated gas output of 0.44 million standard cubic feet (MMscf) per day.

In the realm of natural gas, the Ghizlan gas field emerged with a flow rate of 32 MMscf per day and 2,525 barrels of condensate.

Another significant find was the Araam gas field, producing 24 MMscf per day with 3,000 barrels of condensate.

Strategic Importance

These discoveries are aligned with Saudi Arabia’s Vision 2030, which aims to fully harness the Kingdom’s natural resources and enhance its energy security.

The added value of these fields is expected to open new economic opportunities, supporting sustained growth and prosperity for the Kingdom.

Prince Abdulaziz emphasized the role of these findings in reinforcing Saudi Arabia’s leading position in the global energy sector, while also addressing the needs of an evolving market.

Future Prospects

As Saudi Arabia continues to explore its vast hydrocarbon potential, these discoveries not only enhance the Kingdom’s energy portfolio but also contribute to its ambitious goals of economic diversification and sustainable resource management.

The ongoing commitment to developing these fields is poised to secure the Kingdom’s energy future for decades to come.

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