Middle East Economic Survey

VOL. LIII

No 44

1-Nov-2010

SAUDI ARABIA

SRAK Enters Second Gas Exploration Phase

The South Rub'i al-Khali Company (SRAK) a 50:50 joint venture between Saudi Aramco and Royal Dutch Shell announced on 25 October that it has initiated its second gas exploration phase in the southeast of the kingdom, with three wells planned. SRAK completed its first five-year exploration period in May, drilling seven exploration wells as well as acquiring 25,000 sq km of 2D...