Saudi Arabia Plans to Develop Midyan Gas Field Next Year

Saudi Arabia plans to develop Midyan natural gas field in the Red Sea in 2013, Reuters has reported citing Oil Minister Ali Naimi comments in local media.

Saudi Arabian Oil Company (Saudi Aramco) will drill seven deep sea and offshore wells and build facilities at nearby Duba, its chief executive Khalid al-Falih said in Tabuk, the news agency quoted from a report in Saudi Gazette.

Saudia Arabia, which is world top oil producer, is aiming to boost natural gas output as demand for electricity is on a rise in the country.

Midyan was discovered in the 1980s but has not yet been developed.