Riyadh. Saudi oil firm Aramco has discovered 14 oil and natural gas fields and reservoirs in Kingdom's Eastern Region and the Empty Quarter, reported SPA.
Announcing the big oil find, Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz said the discoveries include six fields and two reservoirs of Arabian oil, as well as two fields and four reservoirs of natural gas.
The six fields and two reservoirs were found to have Arabian oil of different grades totaling 8,126 barrels per day, according to Reuters calculations based on the announcement.
The natural gas discoveries from two fields and four reservoirs totaled 80.5 million standard cubic feet per day (scfd), the calculations show. Associated gas from the oil fields and reservoirs added up to 2.11 million scfd.
The minister emphasized the importance of the added value that these discoveries represent, solidifying Saudi Arabia’s leading position in the global energy sector and reinforcing its rich hydrocarbon potential as well as opening new horizons for the kingdom’s economic development.
Prince Abdulaziz said these finds will help strengthen its ability to meet both domestic and global energy demand efficiently and sustainably for decades to come.
The Kingdom, the world’s top oil exporter, produced nearly 9 million barrels per day of crude in February, according to secondary sources in producer group OPEC’s March report.
