Gulf Oil and Gas accountACCOUNT

Saudi Aramco to Double Gas Production in 10 years

Source: Reuters 3/8/2016, Location: Middle East

Saudi Aramco plans to nearly double its gas production to 23 billion standard cubic feet per day in the next decade, its chief executive said.

"The kingdom has managed to increase gas production from 3.5 billion standard cubic feet (scf) per day in 1982...to more than 12 billion scf now and this figure is expected to double to around 23 billion scf during the coming decade," Amin Nasser told an industry conference.

"Work is under way to execute an ambitious plan to implement this during the coming 10 years," he said, without detailing the plan.

Saudi Aramco, the world's largest oil and gas company, has embarked on a massive programme to boost gas output for electricity and petrochemical production by developing gas fields not associated with oil production.

For instance, it is exploring and developing unconventional gas in the north of the kingdom.

Nasser also said Aramco was moving ahead with its strategy "to achieve a better balance between the total exploration and production capacity, which stands at 12 million barrels per day of crude oil, and its refining capacity."

The state oil giant plans to raise its refining capacity to 8-10 million bpd from around 5.4 million bpd now, he added.

Production News in Saudi Arabia >>

Israel >>  2/20/2020 - Energean Oil and Gas plc (ENOG), the oil and gas producer focused on the Mediterranean, is pleased to announce successful results from production meas...
Russia >>  2/17/2020 - Gazprom Neft is expanding its production and sale of MARPOL-compliant environmentally-friendly marine fuels — the company’s Omsk Refinery having been ...

Pakistan >>  2/13/2020 - Jura Energy Corporation is pleased to announce that, after successful testing and commissioning of production facilities, commercial production has co...
China >>  2/12/2020 - CNOOC Limited (the “Company”, SEHK, NYSE: CEO) announced that Bozhong 34-9 Oilfield has commenced production. ...

Norway >>  2/11/2020 - A new gas module that was recently put on stream on the Troll C platform will accelerate and boost production from Fram by substantial profitable volu...
Ukraine >>  2/10/2020 - Cadogan Petroleum plc, the London Stock Exchange listed independent oil and gas company, is pleased to provide the following operational update post y...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.