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SAUDIS PLAN 300 GAS WELLS
ABU DHABI — Saudi Arabia plans to drill hundreds of gas
development wells.
The state-owned Saudi Aramco has launched a program to drill more than
300 gas development wells in the kingdom. Executives said the program was
meant to add 50 trillion cubic feet of gas over the next decade.
Aramco holds 248.5 trillion cubic feet of gas reserves. In 2006, the
company discovered three new gas fields, including Karan, its largest
offshore field. The Kassab field in the Eastern Province has reported an
output of 10 million
cubic feet of gas a day.
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Saudi Arabia has contracted four companies to explore for energy in the
so-called Empty Quarter. Aramco said the firms have met their commitments to
conduct seismic exploration.
