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FINANCIAL NEWS
Saudi Arabia unveils new gas discovery
24 Feb 2010
(MENAFN) Saudi Minister of Oil and Mineral Resources Ali Al-Naimi announced in Riyadh that Saudi Aramco has discovered new quantities of Gas in Jalameed-Well in the Northern Region, SPA reported.
The minister said that the Gas flows at a rate of 12.1 million standard cubic feet per day from the Jalameed-Well 3 at the depth of 9,795 feet which is located about 95 kilometers east of Turaif city, noting that preliminary tests showed the possibility of exploiting the Gas commercially as well as developing it.
He concluded that the Jalameed-Well can produce larger quantities of gas under normal production conditions, and the assessment of quantities of the Gas in this Well will continue.
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