Saudi Arabia has announced the discovery of seven major oil and gas fields in the Kingdom’s Eastern Province and the Empty Quarter, marking a substantial increase in the country’s energy reserves.
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The announcement was made by Prince Abdulaziz bin Salman, the country’s energy minister, as reported by the Saudi Press Agency (SPA) 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 reservoir, two natural gas fields and two natural gas reservoirs.”
These discoveries are spread across the Eastern Province and the Empty Quarter, highlighting the extensive and rich energy potential of these regions.
In the Orientale Province, two unconventional oil fields and one reservoir were discovered, while the Empty Quarter revealed two natural gas fields and two reservoirs.
Discoveries of the Eastern Province
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Ladam Unconventional Oil Field: This field was discovered following the flow of very light Arab oil in the Ladam-2 well at a rate of 5,100 barrels per day (b/d), 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 Arab ultra-light oil flowing from the Al-Farouk-4 well at a rate of 4,557 b/d, accompanied by approximately 3.79 million standard cubic feet of gas per day.
Unayzah B/C Reservoir in Mazalij Field: This reservoir was discovered after Arab Light oil flowed from the Mazalij-62 well at a rate of 1,780 b/d, along with approximately 0.7 million standard cubic feet of gas per day.
Discoveries of the Empty Quarter
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Al-Jahaq Field: This field was identified after natural gas flowed from the “Al-Arab-C” reservoir in the Al-Jahaq-1 well at a rate of 5.3 million standard cubic feet per day. In addition, the “Al-Arab-D” reservoir 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 from the Asikra-6 well at a rate of 4.9 million standard cubic feet per day. In addition, the “Al-Fadhili” reservoir in the same well produced 0.6 million cubic feet of gas per day, with approximately 100 barrels of condensate per day.
Implications for the energy sector
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The discovery of these deposits comes at a pivotal moment for Saudi Arabia, which continually seeks to strengthen its position as the world’s leading energy producer.
These new discoveries are expected to strengthen the Kingdom’s ability to meet domestic and international energy demand, thereby contributing to its long-term economic stability and energy security.
The significant volume of oil and gas discovered in these regions highlights Saudi Aramco’s continued efforts to explore and develop new resources. The Company’s ability to discover such extensive 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 discoveries are expected to have broad economic and strategic implications. First, they will likely attract more investment into Saudi Arabia’s energy sector, boosting economic growth and job creation.
Second, increasing energy reserves will strengthen the Kingdom’s bargaining power in the global oil market, enabling it to influence oil prices more effectively.
Furthermore, these discoveries highlight the importance of continued investment in exploration and technological advancements.
As global energy demand evolves, Saudi Arabia’s ability to discover and develop new resources will be crucial to maintaining its competitive advantage and ensuring its energy security.
This article was translated from English using artificial intelligence tools, then proofread and edited by a local translator.
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