Middle East Economic Survey
New Saudi Aramco Gas Discovery Announced
Saudi Oil Minister Ali Naimi on 23 November announced that Saudi Aramco had the previous day made a new natural gas discovery 30km south of the giant al-Ghawar field and 270km southeast of Riyadh. The Madraka-1 well tested at 38mn cfd of natural gas and 1,650 b/d of condensate. The minister added that, according to studies carried on the well, its sustainable production capacity might...