Saudi Aramco today announced a major step forward in its ambitious plans to expand gas production by commencing production at the Jafora field, the largest unconventional gas field in the Middle East, and commencing operations at the Tanakib Gas Plant, one of the world’s largest gas plants.
Saudi Aramco aims to increase its sales gas production capacity by approximately 80% by 2030 compared to 2021 production levels, reaching approximately 6 million barrels of oil equivalent per day of total gas and related liquids production.
cash flow
This is expected to generate additional cash flow from operations of $12 billion to $15 billion in 2030, depending on future demand for gas and liquid sales prices, according to a company statement.
Engineer Amin Nasser, President and CEO of Saudi Aramco, said: “We are proud to begin production work at the Jafora oil field and begin operational work at the Tanakib gas plant. This is a great achievement for Saudi Aramco and for the future of Saudi Aramco’s energy.”
huge project
Al Nasser added: “Our country’s ambitious gas plans are expected to become one of the main sources of profitability. In addition to producing large volumes of high-value liquids, these mega-projects will meet the growing local gas demand and support the development of many key sectors. It will also contribute to supporting industrialization and development. These achievements, made possible by the ambitious and collaborative leadership of the Ministry of Energy and the dedication and innovation of its staff, highlight the vital role of gas in the Kingdom.” Aramco’s growth strategy. ”
Mr. Al Nasser underlined his deep gratitude for the support, trust and consideration that Saudi Aramco receives from the wise leadership of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Crown Prince and Prime Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud.
He noted that this had a significant impact on the company’s outstanding achievements and projects contributing to the Kingdom’s Vision 2030.
Saudi Aramco today announced significant progress in its ambitious plans to expand gas production with the start of production at the Al Jafra field, the largest unconventional gas field in the Middle East, and the start of operational activity at the Tanajib gas plant, one of the world’s largest gas facilities.
By 2030, Saudi Aramco aims to increase gas sales production capacity by approximately 80% compared to 2021 production levels, reaching approximately 6 million barrels of oil equivalent per day from total gas production and associated liquids.
cash flow
The company expects to generate $12 billion to $15 billion in additional cash flow from operations by 2030, depending on future gas sales demand and liquids prices, the company said in a statement.
Amin Nasser, President and CEO of Saudi Aramco, said: “We are proud to have started production at the Al Jafra oil field and operational activity at the Tanajib gas plant. This is an important achievement for Saudi Aramco and for the future of Saudi Aramco’s energy.”
huge project
Mr. Nasser added: “Our ambitious gas program is expected to be one of the main sources of profitability, with these mega-projects producing large quantities of high-value liquids, as well as meeting growing local gas demand, “These achievements, made possible by the ambitious and collaborative leadership of the Department of Energy and the dedication and innovation of our employees, underscore the pivotal role of gas in Saudi Aramco’s growth strategy.”
Mr. Nasser expressed his deep gratitude for the support, trust and consideration that Saudi Aramco receives from the wise leadership of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Crown Prince and Prime Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud.
He noted that this has had a significant impact on the achievements and outstanding projects the company is delivering in line with Saudi Vision 2030.
