Saudi Aramco Produces First Unconventional Gas at South Ghawar
11.15.2023 By Tank Terminals - NEWS

November 15, 2023 [Zawya]- Saudi Arabia’s oil giant Aramco said on Tuesday it produced the first tight gas at South Ghawar, as it pushes a strategy to boost gas production.

 

Tight gas refers to a type of unconventional gas – which requires advanced extraction methods – found in reservoir rocks with low permeability, most often sandstone.

Commissioned facilities at South Ghawar have a capacity to process 300 million standard cubic feet per day (scfd) of raw gas and 38,000 barrels per day (bpd) of condensate.

Aramco aims to boost its gas production by 50% by 2030 from 2021 levels. It aims to deliver 750 mmscfd of raw gas from South Ghawar in the near future, the company said.

It said in late September that it agreed to acquire a strategic minority stake in liquefied natural gas (LNG) company MidOcean Energy for $500 million, with an option to increase the stake – part of its push into natural gas.

Last month, Aramco Chief Executive Amin Nasser said Aramco was looking at more investments in LNG to boost its plans to become a leading player in the sea-borne gas market.

 

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Colombia's Ecopetrol to Build Green Hydrogen Plant at Cartagena Refinery
12.03.2024 - NEWS
December 03, 2024 [Reuters]- Colombia’s majority state-owned energy company EcopetrolĀ plan... Read More
TotalEnergies Launches $750 Million Offshore Gas Project in Nigeria to Transform Global LNG Market
12.03.2024 - NEWS
December 03, 2024 [Chem Analyst]- TotalEnergies is on track to approve a $750 million gas project... Read More
ABL Completes Scope on FSRU Toscana Project
12.03.2024 - NEWS
December 03, 2024 [ABL Group]- Energy and marine consultancy ABLĀ has completed its scope of work... Read More
Russia's Jan-Nov LNG Exports up 5% Data Shows
12.03.2024 - NEWS
December 03, 2024 [Natural Gas World]- Russia’s January to November exports of liquefied na... Read More