Shale Gas: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

Aramco Says Developing Shale Deposits will be Challenge

Source: Bloomberg 4/10/2012, Location: Middle East

Share |

Developing shale gas in Saudi Arabia will be a challenge as most of it is in deep reservoirs with very low permeability, according to Saudi Arabian Oil Co. The country, the world’s largest crude exporter, still has “great potential” in shale gas and needs to develop the resources to meet rising domestic demand, Adnan Kanaan, general supervisor for gas reservoir management at the state-owned producer known as Saudi Aramco, said at a conference in Khobar, Saudi Arabia.

Saudi Aramco will work with international service companies such as Baker Hughes Inc. (BHI), Halliburton Co. (HAL) and Schlumberger Ltd. to develop shale gas, Kanaan said.

Natural gas prices in Saudi Arabia are low, making developing the kingdom’s unconventional gas deposits such as shale and tight gas economically challenging, Khalid al-Falih, the head of Saudi Aramco, said in January. The company is drilling a number of wells for shale and tight gas in the northwest of the country, he said. Saudi Arabia sells gas locally at a subsidized price of 75 cents per million British thermal units.

Shale Gas News in Saudi Arabia >>

Pioneer Natural Resources Closed Sale of Barnett Shale Assets
  United States >>  9/24/2014 - Pioneer Natural Resources Company closed the previously announced sale of its Barnett Shale assets in North Texas to an undisclosed private party for ...
Algeria’s Plans for Shale Gas Development Bring Risks
  Algeria >>  9/22/2014 - Algeria’s state oil and gas company, Sonatrach, announced this summer that it plans to exploit the country’s shale gas reserves by 2020, taking advant...

RIPI to Study Shale Gas Reserves in Lorestan
  Iran >>  9/21/2014 - A research project on shale gas reserves in the western province of Lorestan has progressed by 5 percent now, an exploration official Bahman Soleimani...
True North Energy Wins Interest in Woodford Shale
  United States >>  9/18/2014 - True North Energy Corporation is pleased to announce it received $50,000 in new funding. Through its newly established wholly-owned subsidiary, TN Ene...

Chevron Meets New, Voluntary Shale Drilling Rules
  United States >>  9/18/2014 - Chevron has become the first energy company to meet a new set of voluntary shale gas drilling standards that aim to go beyond existing state laws in P...
Cubic Elects to Participate in Five Horizontal Haynesville Shale Wells
  United States >>  9/17/2014 - Cubic Energy, Inc. has elected to participate in the drilling and completion of five horizontal Haynesville Shale wells in its non-operated northwest ...



Related Categories: Coalbed Methane  General  Heavy Oil  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |

More News

Oil & Gas Companies in Saudi Arabia >>

Related Links

Countries Quick Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us