Gulf Oil and Gas accountACCOUNT

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 >>

United Arab Emirates >>  8/15/2017 - KBR, Inc. has been awarded a Project Management Consultancy (PMC) contract by Occidental of Abu Dhabi Ltd. on behalf of Abu Dhabi National Oil Company...
Saudi Arabia >>  8/14/2017 - CB&I has been awarded a contract by Técnicas Reunidas, S.A. for new product storage tanks that will be part of a clean fuels expansion project at Saud...

Oman >>  8/13/2017 - Petroleum Development Oman (PDO) and Oman Liquefied National Gas (Oman LNG) have signed a three-year partnership agreement to enhance technical and co...
Saudi Arabia >>  8/10/2017 - Fluor Corporation announces that the Ma’aden Wa’ad Al-Shamal Phosphate Company’s (MWSPC) Umm Wu’al Phosphate Project in Saudi Arabia has started produ...

Iraq >>  8/7/2017 - Hexagon Composites' subsidiary Hexagon Ragasco has received a new major order for LPG cylinders from Gas Filling Company (GFC) at a total value of aro...
United Arab Emirates >>  8/7/2017 - The Abu Dhabi National Oil Company (ADNOC) is in advanced discussions with more than a dozen potential partners who have expressed a significant inter...

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 | 13 | 14 | 15 | 16 |

More News

 

Oil & Gas Companies in Saudi Arabia >>


Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.