EconomySaudi Arabia

Saudi Arabia discovers 4 new oil and gas fields

Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman bin Abdulaziz, announced that Saudi Aramco had discovered four new oil and gas fields in the Kingdom, the Saudi Press Agency (SPA) reported.

The minister said non-conventional oil was discovered in the al-Reesh oilfield, northwest of the city of Dhahran.

Al-Reesh well no. 2’s daily flow stands at 4,452 bpd of Arab Extra Light crude oil and 3.2 million standard cubic feet of natural gas; well no. 4 is producing 3,654 bpd and 1.6 million standard cubic feet of gas.

Al-Reesh well no. 3’s initial production stands at 2,745 bpd with 3 million standard cubic feet of gas per day.

Non-conventional gas was also discovered in the Al-Sarrah reservoir at the Al-Minahhaz well, southwest of the Ghawar oilfield, the world’s largest conventional oilfield.

The daily flows there stand at 18 million standard cubic feet per day, with 98 barrels of condensate.

Non-conventional gas was also found at the Al-Sahbaa well at 32 million standard cubic feet per day.

“The energy minister said Aramco continues to work on determining the area and size of the discovered fields and estimating the quantities of oil, gas and condensate in them,” SPA said.

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