• HSBC

Saudi Arabia finds new oil, gas fields

  • Saudi Arabia: Tuesday, January 06 - 2009 at 14:32

Saudi Arabia said it has discovered five new oilfields and three gasfields in the Eastern Province, the state news agency SPA reported. Four of the oilfields were on land and one was offshore, Oil Minister Ali al-Naimi said in a statement. He named as the wells as Jaouf-11, Ramthan-9, Nayashen-1, Jarid-11, Jarid-101 and Khursaniya-114. In test drilling the biggest producing wells were Jaouf-11 at 2,551 barrels a day and Nayashen-1 at 2,076 bpd.

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