Project fo­cus

Oil & Gas Middle East - - CONTENTS -

Ev­ery­thing you need to know about Aramco’s un­con­ven­tional gas de­vel­op­ment project.

Saudi Aramco has re­vealed plans to de­velop its do­mes­tic shale gas re­serves as an al­ter­na­tive to cur­rent gas re­sources. Sur­veys have re­vealed that due to in­creas­ing do­mes­tic de­mand for fuel, shale gas pro­duc­tion would be nec­es­sary by 2020.

PROJECT FI­NANCE Saudi Aramco is the client PROJECT SCOPE

Shale gas com­prises of meth­ane, eth­ane and nat­u­ral gas liq­uids (NGL), and costs ap­prox­i­mately $5 to $6 for one mil­lion BTUS. Saudi Aramco is fast-track­ing the de­vel­op­ment of its shale gas re­sources by about seven years as the King­dom’s de­mand for gas con­tin­ues to grow. Aramco is push­ing ahead with its plans to pro­duce shale gas in three dif­fer­ent lo­ca­tions.

The lo­ca­tions are:

• The Empty Quar­ter

• South Ghawar in the Eastern Province

• Ja­fu­rah in the north­ern desert re­gion

Stud­ies car­ried out since 2011 were suc­cess­ful and were com­pleted in July 2013. How­ever, the ex­act scope of work will not be known un­til the full FEED is com­pleted. The ba­sic scope of work is as fol­lows:

Ex­plo­ration Phase:

• Ge­o­log­i­cal and geo­phys­i­cal as­sess­ments • Seis­mic sur­veys

• Drilling of ex­ploratory wells

• Drilling of as­sess­ment wells

• As­so­ci­ated fa­cil­i­ties

De­vel­op­ment Phase:

• Well­head plat­forms

• Jack­ets

• Flare

• Gas treat­ment fa­cil­i­ties and ac­com­pa­ny­ing off­sites and util­i­ties • In­ter­con­nect­ing pipe­lines

• As­so­ci­ated fa­cil­i­ties

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