The company plans to boost the Marjan and Berri fields' production capacity by 550,000 barrels per day of Arabian Crude Oil and 2.5 billion standard cubic feet a day (BSCFD
) of gas.
The offshore oilfield development project aims to increase the Marjan Field production by 300 thousand barrels of oil per calendar year (MBCD) of Arabian Medium Crude Oil, process 2.5 BSCFD
of gas, and produce an additional 360 MBCD of C2+NGL.
He added that the future outlook for the rich gas development will be exposed to a great expansion in the near future when north Kuwait Jurassic fields will be fully operational by the year of 2023/2024, bringing Kuwait's rich gas production up to 3 bscfd
"Unconventional gas contribution will reach to 15 percent of the total gas production of 23 billion bscfd
per day in the gas program over the next 10 years."
Total demand included 3,775 BSCFD
from export market making up 47.8% and 4,120 BSCFD
from domestic market making up 52.2% of the total demand.
The company plans to boost the Marjan and Berri fields' production capacity by 550,000 barrels per day of crude oil and 2.5 billion standard cubic feet a day (BSCFD
) of gas, said a statement from Saudi Aramco.
The purpose of the MGS Expansion is to meet increased demand in the Central and Western regions by providing 12.5 BSCFD
of Gas by 2020 through the installation of new pipelines and booster gas compression stations.
Despite lethargic global oil demand, Saudi Aramco's combined oil and gas production approached an all-time high, boosted by record gas production of almost 8 billion standard cubic feet per day (BSCFD
Today gas available is around one billion standard cubic feet per day (BSCFD
) of associated gas, and 130 million standard cubic feet per day of free gas.
Both these measures could spare around 1.5 bscfd
to power sector thereby reducing power tariff and facilitating industry.
Italian gas and oil major Eni said it will increase production capacity at Egypt's Zohr gas field to two billion standard cu ft per day (bscfd
) with the start-up of the fifth treatment unit in September.
The Company discovered two new oil fields and one new gas field; added 250,000 barrels of crude oil production per day to its Shaybah facility where it also started a second natural gas liquids processing train; and reached full operational feed capacity of 2.5 Bscfd
at the Wasit Gas Plant.