Exploration & Production

Saudi Aramco presses on with shale gas

Saudi Arabia is continuing to spend on its shale gas programme and is on track start production within the next year Saudi Arabia is continuing to spend on its shale gas programme and is on track start production within the next year.
By Verity Ratcliffe 30 September 2016 0 22179
The three main areas being targeted for shale gas exploration in Saudi Arabia.

Saudi Aramco is pressing ahead with its shale gas development plans despite low oil prices and will start producing volumes within the next year, an anonymous source close to the company’s shale gas programme has told Interfax Natural Gas Daily.

The kingdom’s NOC will invest $334 billion by 2025 on its shale gas programme and other oil and gas projects, Aramco’s vice president for procurement and supply chain management, Abdulaziz al-Abdulkarim, said at the Petrotech conference in Bahrain on Monday. Funding will be given to "unconventional...