Saudi Aramco gets regulatory nod for Jafurah field development

Saudi Aramco received on Feb. 22 regulatory approval for the development of Jafurah unconventional gas field in the Eastern Province, the Kingdom’s largest non-associated gas field to date.
 

The field development plan is subject to the company’s usual governance process, the giant oil producer said in a statement to Argaam.
 

Saudi Aramco said it expects the field’s production to commence early 2024, and reach nearly 2.2 billion standard cubic feet per day (SCFD) of sales gas by 2036, with an associated 425 million SCFD of ethane, representing nearly 40% of current production.
 

The field is also forecast to produce almost 550,000 barrels per day of gas liquids and condensates, the company added.
 

The world’s largest oil producer plans to develop Jafurah in accordance with the highest environmental standards.
 

Saudi Aramco expects that the development of Jafurah would have a positive financial impact in the long term, which will start to show on the company’s financial results in phases concurrent to the field’s development, the statement added.
 

“The development of Jafurah is expected to enhance the company’s position in the global energy sector, and help achieve its goal of being the world’s pre-eminent integrated energy and chemicals company,” said Yasser Al-Rumayyan, chairman of Saudi Aramco.
 

Elsewhere, Amin Nasser, President and CEO, said that the development of Jafurah is meant to support the Company’s diverse resources and the Kingdom’s economic development.
 

Jafurah is the largest unconventional non-associated gas field in the Kingdom, with a length of 170 km and a width of 100 km.
 

Yesterday, Crown Prince Mohammed bin Salman directed that the priority of allocating Jafurah field's production of gas and related liquids shall be given to the local sectors operating in industry, electricity, water desalination, mining, and others in line with Saudi Vision 2030, Argaam reported.