Middle East Economic Survey
Saudi Aramco Makes New Arab Light Discovery In Eastern Region
Saudi Oil Minister Ali Naimi announced on 9 May that Saudi Aramco had discovered a new field of Arab Light crude in the eastern region of the kingdom. The Hulfa-1 well located 320km south of Dhahran and 280km south-east of Riyadh tested an average of 6,000 b/d of 36API Arab Light oil with 4.2mn cfd of gas. The well is expected to reach much more production averages...