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Saudi Aramco Makes Four Oil & Gas Discoveries

Saudi Aramco has made four new oil and gas discoveries, the country’s oil minister Prince Abdulaziz bin Salman said on Sunday.

The first discovery, comprising unconventional Extra Light Arab crude, was made at the al-Reesh field, northwest of Dhahran, where Aramco is headquartered. Extra Light crude and associated gas flowed from three wells at the field: 4,452 b/d of crude and 3.2mn ft3/d of gas from the al-Reesh 2 well; 2,745 b/d of crude and 3mn ft3/d of gas from alReesh 3; and 3,654 b/d of crude and 1.6mn ft3/d of gas from al-Reesh 4.

The discovery — in the Eastern Province of the country where Aramco’s oil and gas facilities are located — is of special significance, Prince Abdulaziz said, because it proves that Arab Extra Light crude can be produced from the Tuweiq Mountain formation. Arab Extra Light crude, which has an API of 36-40, is produced at the 1mn b/d Shaybah and 250,000 b/d Abqaiq fields.

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