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Saudi Arabia reveals seven oil and gas discoveries

By Pramod Kumar
Saudi Arabia announced the discovery of two unconventional oil fields, a reservoir of light Arabian oil, two natural gas fields and two natural gas reservoirs Pexels/Istiaque Hossain
Saudi Arabia announced the discovery of two unconventional oil fields, a reservoir of light Arabian oil, two natural gas fields and two natural gas reservoirs

Saudi Arabia has announced seven new oil and gas deposits in the Eastern Province and Empty Quarter.

Two unconventional oil fields, a reservoir of light Arabian oil, two natural gas fields, and two natural gas reservoirs were discovered, energy minister Prince Abdulaziz bin Salman said.

The unconventional oil fields and one reservoir were found in the Eastern Province while two natural gas fields and two reservoirs were in the Empty Quarter, he added.

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This week state-run Saudi Aramco awarded contracts exceeding $25 billion to expand its strategic gas programme.

The energy major is aiming to increase production by more than 60 percent by 2030 compared to 2021 levels.

In January, the energy ministry directed Aramco to maintain its maximum sustainable crude capacity at 12 million barrels per day (bpd) and not raise it to 13 million bpd.

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