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Saudi finds new gas field in Red Sea
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Monday, 15 Oct 2012
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Reuters cited Mr Ali al Naimi oil minister Saudi Arabia as saying that Aramco the world's largest energy company has discovered a new gas field in the Red Sea 26 kilometers North West of the port of Daba.Gas flowed at the rate of 10 million cubic feet a day at a test well at the depth of 17,700 feet more wells would be drilled in order to evaluate the size of the field.

Saudi Aramco the world's largest oil exporter is looking for gas all over the kingdom to boost gas production to help meet rapidly rising Saudi fuel demand. Saudi Arabia's oil and gas reserves mostly lie in the Eastern Province of the country.

Source - Reuters

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