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    Aramco kicks off development at largest Saudi gas field

Summary

The field will cost $110bn to develop.

by: Joseph Murphy

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Complimentary, Natural Gas & LNG News, Middle East, Corporate, Exploration & Production, Investments, News By Country, Saudi Arabia

Aramco kicks off development at largest Saudi gas field

Saudi Aramco announced on November 29 it had started development of Saudi Arabia's largest non-associated gas field – a key project in the kingdom's efforts to build up its gas business.

The Jafurah unconventional gas field is estimated to hold 200 trillion ft3 of gas, and Aramco expects production to start in early 2024 and reach 2.2bn ft3/day by 2036, the company's CEO Amin Nasser was quoted as saying by the local state-owned press.

Aramco secured regulatory clearance to develop Jafurah in February. It estimates that the project will cost $110bn to develop and generate $8.6bn in annual income for the government, while contributing $20bn to Saudi Arabia's gross domestic product each year.