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Saudi Arabian Oil Company receives approval for Jafurah gas field development

1 min read | February 24, 2020 09:17 AM GMT | By Team Kalkine Media
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Saudi Arabian Oil Company (LON:64EZ) informed about approval of the development of Jafurah gas field.

  • The regulatory approval to the company is for the development of the Eastern Province situated Jafurah unconventional gas field.
  • As per the company’s information, 200 trillion cubic feet of rich raw gas resources in the field is estimated.
  • The gas supplies will provide a significant feedstock for the metallic and petrochemical industries.
  • The field's production is expected to start from early 2024 and by 2036, is likely to reach around 2.2 billion standard cubic feet per day of sales gas.

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