Saudi Aramco, the government-owned petroleum and natural gas company, recently announced that it has discovered new oil and gas fields in different locations around Saudi Arabia.
The nation’s Energy Minister Prince Abdul Aziz bin Salman Al-Saud stated that there is a new well No. 2 located in the Al-Reesh oil field northwest of Dhahran.
“The discovery at Al-Reesh field is especially important as it shows that it is possible to produce Arab extra light crude oil at the Tuwaiq mountain formation,” the minister said, according to the Saudi Press Agency.
That discovery is welcome news for the country that heavily relies on its gas and oil industry that accounts for almost 50% of its gross domestic product, and almost 70% of its export earnings.
The Well No. 2 produces 4,452 barrels of Arab extra light crude oil and around 3.2 million standard cubic feet of natural gas daily. Saudi Aramco also drilled two other wells in the Al-Reesh oil field.
Well No. 3 is reported to have an initial production of 2,745 barrels of extra-light crude oil and an additional 3 million standard cubic feet of gas per day. Well No. 4 produces 3,654 barrels of extra-light crude oil together with 1.6 million standard cubic feet of natural gas daily.
That discovery is welcome news for the country that heavily relies on its gas and oil industry.
Notably, oil was discovered in Al-Ajramiyah well No. 1 that is found in the northwest of Rafhaa city. That well produces 3,850 barrels of oil per day. Furthermore, some non-conventional gas was found in the Al-Minahhaz well which is located to the southwest of the Ghawar oil field.
The well produces around 8 million standard cubic feet of gas and up to 98 barrels of condensate per day. Saudi Aramco also discovered gas in the Al-Sahbaa well that is found to the south of Ghawar. It produces up to 32 million standard cubic feet of gas daily.
Dr. Bilal Philips