Saudi Aramco Signs $25 Billion in Contracts to Expand Its Gas Projects
The company also noted that it will spend $8.8 billion to launch the third phase of the national Master Gas System.
Saudi oil company Saudi Aramco has signed contracts worth more than $25 billion as part of its gas project development program. This is stated in a statement by Saudi Aramco published on the company’s website.
Part of the contracts worth $12.4 billion provides for the implementation of a project to expand the second phase at the Jafura gas field. The scope of work includes the construction of gas compressor plants and pipelines, as well as the expansion of the gas processing plant in Jafura, including the creation of additional production lines. In addition, the company plans to build natural gas fractionation plants at Jubail to process the wide range of light hydrocarbons produced at Jafura.
Saudi Aramco will also spend $8.8 billion to launch the third phase of the national gas system, the Master Gas System. The third phase of expansion assumes that by 2028 the total system capacity will increase by 3.15 billion cubic feet per day (89.2 million cubic meters per day) due to the installation of about 4 thousand km of pipelines and the construction of 17 new gas compressor stations.
Jafura is potentially the largest shale gas field outside the United States. Its reserves are estimated at 229 trillion cubic feet of gas and 75 billion barrels of condensate. The first stage of field development began in November 2021. Gas production in Jafura is expected to begin in the third quarter of 2025. The total investment in the development of the field will be more than $100 billion.
