VOL. XLVI

No 47

24-November-2003

SAUDI ARABIA

Saudi Arabia Signs Pioneering E&P Gas Deal With IOCs

On 15 November Saudi Arabia signed the first agreement that will allow international oil companies (IOCs) to have access to gas resources in the country. The South Rub al-Khali (SRAK) Gas Development Agreement with Royal Dutch Shell (40%), Total and Saudi Aramco (30% each) gives the consortium the right to explore and develop gas in two areas in the southern part of the Rub al-Khali (Empty...