INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Aramco discovers four natural gas fields in Saudi Arabia

Aramco is a Saudi Arabian public petroleum and natural gas company based in Dhahran
  • The four major areas are in the Central Region, the Empty Quarter, the Northern Border Region and the Eastern Region.
  • The four fields where the natural gas has been found are named as are Shadun, Shehab, Um Khanasser and Samna.

Aramco has discovered natural gas fields in four major areas around the Kingdom including the Empty Quarter.

The four major areas are in the Central Region, the Empty Quarter, the Northern Border Region and the Eastern Region, media reports said.

Located in the Central Region, the Shadun field was discovered following a flow of gas from Shadun-1 well at a rate of 27 million standard cubic feet per day, with 3,300 barrels of condensate.

The Shehab natural gas field, located in the Empty Quarter, was discovered after gas flowed from the Shehab-1 well at a rate of 31 million standard cubic feet per day.

Al-Shorfa field has also been found in the same area.

In the northern border area, Um Khanasser unconventional natural gas field has been uncovered after the flow of gas from Umm Khanasser-1 well at a rate of 2 million standard cubic feet per day with 295 barrels of condensate.

The Samna field of unconventional natural gas was found in the eastern region, where gas flowed from the Samna-2 well at a rate of 5.8 million standard cubic feet per day with 24 barrels of condensate.