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 >>

Saudi Arabia >>  6/27/2016 - Wison Engineering, one of the leading chemical engineering, procurement and construction management ("EPC") service and technology providers in China,...
Qatar >>  6/26/2016 - As part of Qatar Petroleum's ongoing efforts to become one of the leading National Oil Companies in the world, to deliver superior integrated products...

Iraq >>  6/20/2016 - Amec Foster Wheeler announces the award of a three-year framework agreement by BP Iraq NV (BP) to complete conceptual studies and pre-front end engine...
Saudi Arabia >>  6/16/2016 - The Dow Chemical Company recently became the first company to receive a trading license from the Government of Saudi Arabia, allowing 100 percent owne...

United Arab Emirates >>  6/15/2016 - Mubadala, the Abu Dhabi investment and development company, announced the appointment of Ahmed Saeed Al Calily as Chief Executive Officer of the group...
Oman >>  6/14/2016 - The Middle East’s oil supply has been stagnant during March, April and May 2016 at 1.24 mb/d, with input coming mainly coming from Oman at 0.98 mb/d,...

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 |

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.