By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
    • Saudi Arabia
    • UAE24/7
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • World
  • Business
    • Market DataLive
    • Finance
    • Economy
    • Energy
    • Crypto
    • ForexHot
    • Tech
  • Sports
  • Lifestyle
  • Videos
Search
Countries
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman
More Topics
  • Technology
  • Health
  • Entertainment
  • Crypto
  • Forex
  • Stocks
Site Links
  • Business Hub
  • Trending
  • Weather
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: Saudi Arabia announces significant oil and natural gas discoveries in the Eastern Province and Empty Quarter
Share
Notification Show More
Latest News
Ferrero’s Social Responsibility Project Kinder Joy of moving Beats Traditional PE Curriculum, Tapping into the Cognitive Functions, Motor Coordination and Life Skills of Students
Lifestyle
UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech
Beat the Heat This Summer with a Chill Out on Dubai Marina
World
Historic Italian City of Assisi to Host International Exhibition “Jordan: Dawn of Christianity”
World
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Videos
Search
  • Home
    • Videos
    • Business Hub
    • Trending
  • Gulf
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • Business
    • Market Data
    • Crypto
    • Economy
    • Energy
    • Finance
    • Forex
    • Tech
  • More News
    • World
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Gulf > Saudi Arabia > Saudi Arabia announces significant oil and natural gas discoveries in the Eastern Province and Empty Quarter
Saudi Arabia

Saudi Arabia announces significant oil and natural gas discoveries in the Eastern Province and Empty Quarter

News Room
Last updated: 2024/07/01 at 4:16 PM
News Room
Share
4 Min Read
SHARE

Saudi Arabia announced on Monday the discovery of new oil and natural gas fields in the Eastern Province and the Empty Quarter. Minister of Energy Prince Abdulaziz bin Salman revealed that Saudi Aramco has made significant discoveries, including two unconventional oil fields, one Arabian light oil reservoir, two natural gas fields, and two natural gas reservoirs. These discoveries will further boost Saudi Arabia’s position as a major player in the global energy market.

The Al-Ladam field for unconventional oil was found in the Eastern Province, with the Ladam-2 well producing very light Arabian oil at a rate of 5100 barrels per day, along with 4.9 million standard cubic feet of natural gas per day. Another unconventional oil field, Al-Farouq, was confirmed in the Eastern Province with the Al-Farouq-4 well producing Arabian very light oil at a rate of 4557 barrels per day, accompanied by 3.79 million standard cubic feet of gas per day. These discoveries will contribute to the Kingdom’s oil production capacity.

In addition to the unconventional oil fields, the Unayza B/C reservoir was discovered in the Mazaleej field in the Eastern Province. Arab light oil flowed from the Mazaleej-62 well at a rate of 1780 barrels per day, along with 0.7 million standard cubic feet of gas per day. The minister also announced the discovery of the Al-Jahaq natural gas field in the Empty Quarter, with the Al-Jahaq-1 well producing natural gas at a rate of 5.3 million standard cubic feet per day. Another natural gas field, Al-Katuf, was confirmed in the Empty Quarter with the Al-Katuf-1 well producing gas at a rate of 7.6 million standard cubic feet per day, along with 40 barrels per day of condensate.

Prince Abdulaziz expressed his gratitude for the major discoveries, thanking God for the blessings bestowed upon the Kingdom. He also congratulated Custodian of the Two Holy Mosques King Salman and Crown Prince Mohammed bin Salman for these achievements, while praying for continued security, safety, and prosperity for the Kingdom and its people. These discoveries highlight Saudi Arabia’s commitment to expanding its energy resources and ensuring a sustainable and prosperous future for the country.

In conclusion, the recent discoveries of new oil and natural gas fields in Saudi Arabia’s Eastern Province and the Empty Quarter are significant milestones for the Kingdom’s energy sector. With the addition of unconventional oil fields, natural gas fields, and reservoirs, Saudi Arabia is poised to further strengthen its position as a leading producer of oil and gas worldwide. The government’s ongoing efforts to explore and develop new resources demonstrate its commitment to ensuring a stable and sustainable energy supply for the country and the global market. The discoveries will not only boost the Kingdom’s economy but also contribute to its long-term energy security and prosperity.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room July 1, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article Gold is stuck in a narrow trading range due to uncertain investors
Next Article Dubai Mall introduces paid parking, shoppers find parking spots easily on opening day
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

Ferrero’s Social Responsibility Project Kinder Joy of moving Beats Traditional PE Curriculum, Tapping into the Cognitive Functions, Motor Coordination and Life Skills of Students
Lifestyle July 14, 2025
UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports July 6, 2025
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech July 1, 2025
Beat the Heat This Summer with a Chill Out on Dubai Marina
World July 1, 2025

You Might also Like

Saudi Arabia

PIF introduces $7 billion Murabaha Credit Facility for the first time

January 6, 2025
Saudi Arabia

Annual borrowing plan estimates projected funding needs to reach SR139 billion by 2025

January 5, 2025
Saudi Arabia

KSrelief delegation visits Syrian hospitals and meets with UNHCR officials.

January 5, 2025
Saudi Arabia

NMC forecasts heavy rain in Jeddah, red alert issued for Monday

January 5, 2025
Saudi Arabia

Riyadh Emir leads funeral prayer for mother of Prince Al-Waleed bin Talal

January 5, 2025
Saudi Arabia

GASTAT: Average Daily Water Consumption per Person Decreases by 10% to 102 Liters in 2023

January 5, 2025
Saudi Arabia

KSrelief delegation conducts on-site visits to hospitals in Syria to evaluate essential requirements

January 5, 2025
Saudi Arabia

60 trucks cross into Jordan in the first convoy of Saudi Relief Land Bridge for Syria

January 5, 2025
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?