2024-07-01 19:10:50
Saudi Aramco signed contracts for the second part of the Jafoura discipline enlargement challenge, and the third part of its primary fuel community enlargement challenge, with a price exceeding $25 billion, in keeping with what the corporate’s CEO, Amin Nasser, mentioned.
Saudi Arabia is searching for to develop its unconventional fuel reserves, which require superior extraction strategies equivalent to these used within the shale fuel sector.
Al-Jafurah is the biggest unconventional fuel discipline not related to oil in Saudi Arabia, and it’s prone to be the biggest shale fuel improvement challenge outdoors the USA, as its reserves attain 229 trillion cubic toes of fuel and 75 billion barrels of condensate.
“By producing 2 billion cubic toes per day of pure fuel by 2030, this daring initiative will strengthen Saudi Arabia’s place as one of many world’s largest home fuel producers,” Nasser mentioned, talking from Dhahran through the signing ceremony for the sphere enlargement and grasp fuel community.
He added that the enlargement of the primary fuel community means extending a further 4,000 kilometers of pipelines, which will increase manufacturing capability by about 3.2 billion cubic toes per day, and connects a number of cities all through the Kingdom to the community.
The businesses awarded the Jafurah enlargement contracts included a consortium that included Hyundai Engineering and Building, whereas the Chinese language power big Sinopec was among the many corporations collaborating within the enlargement of the primary fuel community.
Final up to date: June 30, 2024 – 18:48
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2024-07-01 19:10:50