Oct 10 - Saudi Aramco, Shell Extend Natural Gas Drilling to 2015

Source Company Web Site
Company Saudi Aramco 
Tags Upstream Activities
Date October 26, 2010

A joint venture between Saudi Aramco and Shell to drill for natural gas in the kingdom's empty quarter has extended its exploration license by five years to 2015.

The South Rub al-Khali Co., or SRAK, was one of three ventures launched in 2003-04 that gave international oil companies upstream access to Saudi Arabian energy reserves for the first time since 1980.

"We...requested for a second exploration period, which means a new commitment from the company including drilling wells and collecting seismic data," a spokesman for SRAK told Dow Jones Newswires Tuesday. "The government officially approved our request of entering a second exploration period for five years."

Saudi Arabia plans to greatly increase gas production in order to meet domestic energy demand and free up crude oil for export. However, the country hasn't yet discovered non-associated natural gas in sufficient quantities to replace oil as the fuel for its planned electricity plants and guarantee cheap feed stock for new petrochemical factories.'

Shells decision to continue its drilling program will allay some fears about the commercial viability of the exploration areas after the withdrawal of France's Total from the venture in 2008. SRAK is now a 50-50 venture between Aramco and Royal Dutch Shell.

SRAK said its new exploration phase would involve the drilling of three wells and the acquisition of 3,600 square kilometers of 3D seismic data and 3,000 square kilometers of 2D seismic data. It will also submit to the government an appraisal plan for Kidan area, a large sour gas field discovered in the 1960s.





Related Companies
 Company: Shell more info  
Operates 40 Offshore Rigs


 -  Saudi Aramco, Shell Extend Natural Gas Drilling to 2015 (Oct 26)
 - Iraq Likely to Sign Shell Gas Deal by End-2010 - Official (Oct 26)
 - FMC Technologies to Supply Subsea Systems for Shell's Parque das Conchas (Oct 26)

 Company:  Saudi Aramco more info  
Operates 20 Offshore Rigs
Manages 2 Offshore Rigs

 -  Saudi Aramco, Shell Extend Natural Gas Drilling to 2015 (Oct 26)
 - Aramco CEO: Future Generations to Rely Mainly on Fossil Fuels (Sep 14)
 -  Saudi Aramco Appoints New Members to BOD (Aug 23)

Visit DownstreamToday.com for More News:
Complete coverage of the pipeline, transportation, storage, LNG, refining and petrochemical industries. Just visit .  

Most Popular Articles
LAST 24 HOURS 7 DAYS MONTH 
Musings: Curtain Being Pulled Back from The Oz of Gas Shales

Total, Chevron Question Safety of BP Macondo Well Design

Saudi Aramco, Shell Extend Natural Gas Drilling to 2015

Analysis: Work Group To Update Jackup Site Assessment Standard

Rosneft 3Q Profit Doubles to $2.6B

Cairn Encounters O&G at Baffin Bay Exploration Wells 
Valiant Drills Duster in North Sea

Faroe Takes Stake in Eni's North Sea Field 
UN Gives Go-Ahead for Gas Flaring Reduction Project 
Commodity Corner: Crude Climbs on Consumer Confidence

Tanzania's First Deepwater Well Successful

Chevron Sanctions Jack/St. Malo Project in GOM

New Delay in Deepwater Drilling Plans?

BP Won't Be Quitting US Or Deep Water Drilling - CEO

Post-Ban Deepwater Drilling Permits Sought in GOM

BP to Sell Stakes in GOM for $650MM 
Petrobras Confirms 5-8BBOE at 9th Tupi Well 
Schlumberger's 3Q Profit Soars on Investment Gain

Today's Trends: China's Oil Demand Rises on Year-On-Year Basis

Musings: Curtain Being Pulled Back from The Oz of Gas Shales

US Shale Discovery Bonanza Is Over - Chesapeake CEO

Analysis: Shale Gas Drilling Techniques Revolutionize Oil Shale Drilling

Few Rigs to Drill Soon after Ban Lifted - Regulator

Obama Administration Ends Deepwater Drilling Ban

US Interior Dept. Issues New Offshore Drilling Rules 
Musings: Marcellus Shale: Good News Critique

BP Shuffles Management, Forms New Unit in Safety Shakeup

GE to Acquire Dresser for $3B

Dept. of Interior's Figures Belie Obama - Another Case of Understatement

Analysis: Other Countries Fail to Follow U.S. Lead on Drilling Moratorium

Related Articles
- More Exploration articles
- More Govt & Regulatory articles
- More News on DownstreamToday.com

Regional News
Middle East 
 -   Saudi Aramco, Shell Extend Natural Gas ... (10/26) 
 -  Iraq Likely to Sign Shell Gas Deal by ... (10/26)  
 -  Gulfsands Encounters Oil at Khurbet ... (10/25)  
 -  IEA: Unclear If Oil Reserve Growth Will ... (10/25)  
 -  Israel Petroleum to Acquire Shaldieli (10/25)  
more middle east news 

O&G Products

Practical Underbalanced Drilling and Workover 
Formulas and Calculations for Drilling, Production and Workover, 2nd Edition 

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd