Aramco sees gas flow from Madyan field in 2013

Aramco sees gas flow from Madyan field in 2013
Updated 15 October 2012

Aramco sees gas flow from Madyan field in 2013

Aramco sees gas flow from Madyan field in 2013

JEDDAH: Transport Minister Jabara Al-Seraisry yesterday announced the discovery of a gas field in the Red Sea, north of Dhuba Port in Tabuk.
“It’s a good beginning and will benefit the people of Tabuk and other regions,” the minister said after signing an agreement with Saudi Aramco President Khaled Al-Falih to develop facilities to extract the gas.
The agreement was signed for developing one of the port’s wharfs for gas supplies. “I am happy to sign this investment agreement with Saudi Aramco,” the minister said.
According to Al-Falih, gas production from the Tabuk region would start from Madyan field next year.
“The Madyan field was found in the 1980s and recent estimates prove the field has considerable reserves,” he said.
Gas will be pumped through a pipeline to Dhuba Port and an electricity plant and a distribution network would be established in the industrial region of Dhuba, Al-Falih said.
The Aramco chief said the first phase included seven gas wells, some of them located in deep waters while some others close to the shore.
“The recent gas discoveries in Tabuk give glad tidings that the region is rich with natural resources,” Al-Falih said, adding that Aramco found Dhuba Port the most suitable for supporting its gas field operations.
Aramco began its mission for discovering oil and gas in the region several years ago by conducting aerial and seismic surveys, the president said.
The agreement involves renting 90 meters of the wharf and 30,000 sq. meters of storage facilities in the port to support digging and discovery efforts in the area.
“The agreement is for two years and can be renewed,” Al-Falih said.