Feb 24, 2020
RIYADH: Saudi Aramco plans to invest $110 billion to develop unconventional gas reserves in Saudi Arabia’s Al-Jafurah field, Saudi Press Agency (SPA) reported on Friday. The development plans were reviewed by the Saudi High Commission for Hydrocarbons in a meeting chaired by Crown Prince Mohammed bin Salman. The Al-Jafurah deposits are estimated to hold 200 trillion cubic feet of wet gas and the phased development of the field is expected to gradually increase production to 2.2 trillion cubic feet by 2036 if fully completed, SPA said.