Aramco ready to invest $110 billion for the Jafurah unconventional gas field
Saudi Aramco has received the regulatory approval to go ahead with the unconventional gas field development of Jafurah, the biggest non-associated gas field in Saudi Arabia.
Jafurah will produce around 130,000 barrels per day of ethane, which is about 40 percent of the current production in the Kingdom and 500,000 barrels a day of gas liquids and condensates to be used as feedstock for petrochemical industries.
The unconventional gas field is approximately 170 kilometres long and 100 kilometres large. Production will start in early 2024.
In addition to being the most important oil producer in the word, Saudi Arabia will also become one of the biggest gas producers globally.