Aramco to ramp up Jafurah field, eyes 2B scfd of gas by 2030

27/02/2024 Argaam
Logo ofSaudi Aramco

Logo of Saudi Aramco


Saudi Aramco said work is currently underway to deliver production at Jafurah, with plans to ramp up to reach a sustainable sales gas rate of two billion standard cubic feet per day (scfd) by 2030, in addition to significant volumes of ethane, Natural Gas Liquids (NGL) and condensate.

 

The world’s largest oil exporter added significant volumes to the proven gas and condensate reserves at the Jafurah unconventional field in Saudi Arabia, as announced by Minister of Energy, Prince Abdulaziz bin Salman, on Feb. 25. The additional confirmed quantities reached 15 trillion standard cubic feet (scf) of gas, and two billion barrels of condensate.

 

It now estimates that Jafurah contains a total of 229 trillion scf of raw gas, alongside an estimated 75 billion stock tank barrels of condensate.

 

These new estimates were calculated using a novel approach to shale reserves booking, which was applied to unconventional resources for the first time in the industry and has potential to be deployed at scale.

 

Reserve booking practices were assessed through establishing continuity of resources and consistency of performance. These new estimates were technically validated by respected industry reserves certification consultancy DeGolyer and MacNaughton, which reviewed the statistical booking mechanism and provided a fully independent assessment.

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