Saudi
announces new gas find
AFP
RIYADH
Petroleumworld.com
03 01 06
Saudi Arabia announced on Tuesday a new gas find in its oil-rich
Eastern Province, putting the capacity of the new field at 27
million cubic feet (764,554 cubic meters) per day.
State oil giant "Saudi Aramco made a new gas find in the
kingdom's Eastern Province ... Gas surfaced at the Madraka-3 wellhead
.... at a rate of 27 million cubic feet a day plus 932 barrels
(a day) of condensates," Oil Minister Ali al-Nuaimi told
the official SPA news agency.
Nuaimi said studies suggested the new field's capacity could go
up to above 50 million cubic feet (1.4 million cubic meters) per
day.
Saudi Arabia, which sits on more than a quarter of global oil
reserves, has proven natural gas reserves of 235 trillion cubic
feet (6.65 trillion cubic meters), the fourth largest.
Current gas production in the kingdom is around seven billion
cubic feet (198.2 million cubic meters) daily but is due to go
up to around 10 billion cubic feet (283.1 million cubic meters)
per day by 2010.
Saudi Arabia's largest oil processing plant, located in the Eastern
Province, was attacked by the Al-Qaeda terror group last Friday.
But security thwarted the assault on the Abqaiq plant. Two security
guards and two militants died in the incident.
AFP
02 28 06
Copyright
© 2006 AFP. All rights reserved
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