Saudi Arabia's gas reserves put at 267tcf

(MENAFN – Arab News) Saudi Arabia’s gas reserves stood at 267 trillion cubic feet in 2008, Minister of Petroleum and Mineral Resources Ali Al-Naimi said in remarks reported yesterday.

The figure Al-Naimi gave according to a report carried by the official Saudi Press Agency was four billion cubic feet higher than an estimate Saudi Aramco data showed earlier yesterday.

Aramco’s figure shows an increase of about 4 percent in gas reserves compared to 2007.

Al-Naimi said the offshore field of Karan is expected to produce 1.8 billion cubic feet per day of non-associated gas. Saudi Arabia awarded in February the contracts for the field, its first non-associated offshore gas field project.

MENAFN