Saudi Arabia Unveils an Extra 15 Trillion Cubic Feet of Gas Reserves in the Jafurah Field
The recent discovery of significant natural gas reserves in Saudi Arabia’s Jafurah field is a major boost for the country’s energy sector. Owned by the state-run oil company Aramco, this find reinforces Saudi Arabia’s status as a key player in the global energy market.
With approximately 15 trillion cubic feet of natural gas and two billion barrels of condensate uncovered, Jafurah’s total estimated resources now stand at an impressive 229 trillion cubic feet of gas and 75 billion barrels of condensate. This abundance underscores the field’s importance and its potential to drive long-term economic growth.
Situated southeast of the renowned Ghawar oilfield, Jafurah is an unconventional gas field requiring specialized extraction methods. Despite the challenges, Saudi Arabia is committed to developing Jafurah. In 2021, Aramco initiated contracts valued at $10 billion for this purpose, with an expected total expenditure of $68 billion over the initial decade of development.
Spanning an expansive 17,000 square kilometers, Jafurah is poised to become a significant producer of natural gas and other valuable substances crucial to various industries. Production is projected to reach an impressive 2 billion cubic feet per day by 2030, a substantial increase from the expected 200 million cubic feet per day by 2025.
This ambitious project solidifies Saudi Arabia’s position as one of the world’s leading natural gas producers. Aramco’s commitment to investing over $100 billion in Jafurah underscores the scale of the endeavor and its potential long-term benefits. Moreover, it is anticipated to create over 200,000 jobs directly and indirectly within Saudi Arabia, providing a significant boost to the country’s economy and employment opportunities.
The development of the Jafurah field represents a significant milestone for Saudi Arabia’s energy sector, promising substantial economic growth, job creation, and enhanced global energy influence for the kingdom.
