Saudi Aramco and Shell need five years to drill for gas

Oct 26, 2010 12:00 AM

A joint venture between state-owned Saudi Aramco and Royal Dutch Shell will require five years to complete its second phase of exploration for natural gas in Saudi Arabia’s southern Rub Al Khali desert.

South Rub al Khali Co plans to drill three gas wells in the Kidan area near the Saudi border with the UAE, the venture known as SRAK said.

The three new wells will be part of the company’s second exploration period, which started on July 26. The venture said: “We will be conducting activities that will help us further evaluate the hydrocarbon resources of the greater Kidan area, their distribution and properties.” SRAK said it achieved “good” results from the seven wells it drilled over the past three years in the Rub Al Khali area, as part of the first exploration period.

SRAK is one of four ventures exploring for gas in Saudi Arabia, which holds the fifth largest gas reserves in the world. Chevron, the second largest US energy company, said it will soon start looking for gas near the Saudi-Kuwaiti border.

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