New Gas Field Discovered in Saudi Arabia

Published May 20th, 2000 - 02:00 GMT

A new gas field has been discovered in the east of Saudi Arabia, which needs the fuel to widen its industrial base, Saudi oil minister Ali al-Nuaimi was quoted by Saudi Press Agency (SPA) as saying Friday. 

The field, called al-Manjoura 1, was found by the state oil company Saudi Aramco during prospecting work in the region, added SPA. 

Around 198,000 cubic meters (seven million cubic feet) of gas per day came out of the new field during extraction tests carried out by Aramco, said AFP. "This discovery confirms the possibility that large quantities of gas exist in this region and Saudi Aramco will continue operations to determine the extent of the new field's reserves," Nuaimi told SPA. 

Saudi Arabia, which nationalized its oil industry in 1981, has a quarter of the world's crude oil reserves, estimated at 261 billion barrels. 

Its gas reserves are estimated at 6,000 billion cubic meters -- two-thirds link to oil extraction, one-third independent of it. 

The kingdom is counting on gas to increase its capacity to generate electricity, convert its electricity power stations and desalination plants, and to enlarge its industrial base, said AFP - (Several Sources) 

© 2000 Al Bawaba (www.albawaba.com)

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