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Saudi Aramco announces regulatory approval of Jafurah gas field

Gas

Saudi Aramco has announced regulatory approval of the development of the Jafurah unconventional gas field in the Eastern Province, the largest non-associated gas field in Saudi Arabia

The company expects the field’s production to commence in early 2024.

Saudi Aramco stated that the output is expected to reach approximately 2.2 bscfd of sales gas by 2036, with an associated approximately 425 mmscfd of ethane, representing about 40 per cent of current production. The company also expects the field to produce approximately 550 thousand bpd of gas liquids and condensates.

The volume of gas resources in the field is estimated at 200 tcf of rich raw gas, which will provide a valuable feedstock for the petrochemical industries.

The field development plan is subject to the company’s usual governance process.

Jafurah is the largest unconventional non-associated gas field in the kingdom, with a length of 170 km and a width of 100 km.

Saudi Aramco plans to develop Jafurah in accordance with the highest environmental standards. The company expects that the development of Jafurah would have a positive financial impact in the long term, which will start to show on the Company’s financial results in phases concurrent to the field’s development.

On the occasion, the chairman of Saudi Aramco’s board of directors, Yasser bin Othman Al-Rumayyan, expressed his thanks to His Royal Highness Prince Mohammad bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense, Chairman of the Supreme Committee for Hydrocarbons Affairs.

Al-Rumayyan said the development of Al-Jafurah is expected to enhance the company’s position in the global energy sector, and help achieve its goal of being the world’s pre-eminent integrated energy and chemicals company.

Saudi Aramco president and CEO, Amin H. Nasser, also expressed his gratitude and thanks to the crown prince and to Prince Abdulaziz bin Salman bin Abdulaziz, minister of energy for their support.

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