Aramco Discovers 7 New Oil and Natural Gas Deposits in this Country

Aramco’s Discovery in Saudi Arabia

Saudi Arabia’s giant Aramco has announced a significant discovery: 7 natural gas and oil fields with a total production capacity of over 28 million cubic feet of gas per day and more than 11,000 barrels of crude oil have just been unearthed.

The lucky country at the center of these remarkable findings – valuable for boosting profits from energy sales – is none other than Saudi Arabia.
Saudi Energy Minister Abdulaziz bin Salman enthusiastically announced, “Saudi Arabia’s oil company has been able to discover two unconventional oil fields, an Arabian light oil well, two natural gas fields, and two sources of natural gas from the same well.”

The news of these discoveries came a day after the state oil company Aramco signed contracts worth over $25 billion for expanding its main gas network and developing the second phase of the Al Jafurah gas field.

Where Are Aramco’s Discoveries in Saudi Arabia and How Much Are They Worth?

The Saudi Energy Minister explained that in the eastern region of the country, two unconventional oil fields were discovered.
The first in the Ladam-2 well with a capacity of 5,100 barrels per day and 4.9 million cubic meters of gas per day, and the second in the Al Faruk-4 well, which yielded 4,557 barrels of oil and 3.79 million cubic meters of gas.

Another discovery took place in the Mazaliy-62 well, with a production of 1,780 barrels per day of light oil and 0.7 million cubic meters of gas per day.

The Saudi news agency reporting the news noted that in the Rub al Jali area, in the south of the country and one of the world’s largest sand deserts, two new natural gas sources were discovered in the same Al Yahaq-1 well; one producing 5.3 million cubic meters of gas per day and the other 1.1 million cubic meters.

Furthermore, a new gas extraction point was discovered from the Al Katuf-1 well, with a production capacity of 7.6 million cubic meters of gas per day, and another one with 4.9 million cubic meters of gas per day in the Asikra-6 well, both located in Rub al Jali.

Saudi Arabia has been seeking to diversify its economy, heavily reliant on oil, by exploring new ways to generate energy, mainly through gas and hydrogen.
These latest discoveries align with this plan and reinforce the prospect of Saudi Arabia playing an increasingly prominent role in the energy sector.