Saudi Arabia has announced the discovery of seven major oil and gas fields in the Kingdom’s Eastern Province and Empty Quarter, marking a substantial boost to the nation’s energy reserves.
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The announcement was made by Prince Abdulaziz bin Salman, the country’s Energy Minister, the Saudi Press Agency (SPA) reported on Monday.
Details of the new discoveries
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According to the SPA report, Saudi Aramco, the state-owned oil giant, has identified “two unconventional oil fields, one Arabian light oil field, two natural gas fields and two natural gas fields.”
These discoveries are distributed across the Eastern Province and the Empty Quarter, underscoring the vast and rich energy potential of these regions.
Two unconventional oil fields and one oil field were discovered in the Eastern Province, while the Empty Quarter revealed two natural gas fields and two oil fields.
Discoveries of the Eastern Province
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Ladam Unconventional Oil Field: This field was discovered following the flow of very light Arabian oil in the Ladam-2 well at a rate of 5,100 barrels per day (bpd), accompanied by approximately 4.9 million standard cubic feet of gas per day.
Al-Farouk Unconventional Oil Field: Located in the same region, this field saw ultralight Arabian oil leaking from the Al-Farouk-4 well at a rate of 4,557 bpd, accompanied by approximately 3.79 million standard cubic feet of gas per day.
Unayzah B/C Field in the Mazalij Field: This field was discovered after Arab Light oil flowed from the Mazalij-62 well at a rate of 1,780 bpd, along with approximately 0.7 million standard cubic feet of gas per day.
Empty Quarter Discoveries
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Al-Jahaq Field: This field was identified after natural gas flowed from the “Al-Arab-C” field into the Al-Jahaq-1 well at a rate of 5.3 million standard cubic feet per day. In addition, the “Al-Arab-D” field in the same well produced 1.1 million standard cubic feet of gas per day.
Al-Katuf Field: This field was discovered following the flow of natural gas in the Al-Katuf-1 well at a rate of 7.6 million standard cubic feet per day, accompanied by approximately 40 barrels per day of condensate.
Hanifa Reservoir in Asikra Field: This reservoir was identified after natural gas flowed in the Asikra-6 well at a rate of 4.9 million standard cubic feet per day. In addition, the “Al-Fadhili” field in the same well produced 0.6 million standard cubic feet of gas per day, with about 100 barrels of condensate per day.
Implications for the energy sector
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The discovery of these deposits comes at a crucial time for Saudi Arabia, which is continuously seeking to strengthen its position as a world leader in energy production.
These new discoveries are expected to improve the Kingdom’s ability to meet both domestic and international energy demands, contributing to its economic stability and long-term energy security.
The significant volume of oil and gas discovered in these regions highlights Saudi Aramco’s ongoing efforts to explore and develop new resources. The company’s ability to discover such large deposits reflects its technical expertise and commitment to maintaining its dominant position in the global energy market.
Economic and strategic impact
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The new findings are expected to have broad economic and strategic implications. First, they will likely attract more investment in Saudi Arabia’s energy sector, spurring economic growth and job creation.
Second, increasing energy reserves will strengthen the Kingdom’s negotiating power in the global oil market, allowing it to influence oil prices more effectively.
Furthermore, these discoveries underscore the importance of continued investment in exploration and technological advances.
As global energy demand evolves, Saudi Arabia’s ability to discover and develop new resources will be crucial to maintaining its competitive edge and ensuring energy security.
This article was translated from English with the help of AI tools, and subsequently proofread by a local translator.
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