dcsimg

Saudi Arabia to drill shale gas wells

  • Saudi Arabia: Tuesday, March 19 - 2013 at 07:34

Saudi oil minister Ali Al-Naimi has said the kingdom plans to drill around seven test wells for shale gas this year, as the country seeks to develop its natural gas resources to meet rising domestic energy demand, Bloomberg has reported. "We have rough estimates of over 600 trillion cubic feet of unconventional and shale gas, so the potential is very huge and we plan to exploit it," Al-Naimi said at a conference in Hong Kong. Saudi Aramco is searching for shale gas in the northwest of the country and exploring for unconventional resources such as sour gas in the oil-rich eastern region and in the Empty Quarter deserts, senior vice president of upstream, Amin Nasser, told a conference on March 10 in Manama.

Article Options

Disclaimer »

The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.

AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.

In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.