Aramco To Invest $110 Billion In Huge Gas Field

Aramco plans to invest $110 billion in the development of the Jafurah gas field that is estimated to hold some 200 trillion cu ft of gas, the Saudi press Agency reported. Jafurah is the largest unconventional gas field in Saudi Arabia and could begin producing in 2024, the agency also reported. Production is seen at 2.2 billion cu ft daily, a rate to be reached by 2036. Besides gas, Jafurah could also produce around 425 million cu ft of ethane, and 550,000 bpd of gas liquids and oil condensates. Developing its natural gas reserves is a priority…