Aramco Adds Significant Volumes To Jafurah Field's Proven Gas And Condensate Reserves

Aramco, a global leader in integrated energy and chemicals, has recently announced a substantial increase in the proven gas and condensate reserves at the Jafurah unconventional field in Saudi Arabia. The company has successfully added 15 trillion standard cubic feet (scf) of raw gas and two billion stock tank barrels (STB) of condensate to its proven reserves at Jafurah. Following this update, the field is now estimated to contain a total of 229 trillion scf of raw gas and approximately 75 billion STB of condensate.

This significant update in reserve estimates was achieved through the implementation of a novel approach to shale reserve booking. This method, which was applied to unconventional resources for the first time within the industry, showcases potential for broader application. The process involved assessing reserve booking practices by establishing resource continuity and performance consistency. These updated estimates received technical validation from DeGolyer and MacNaughton, a respected industry reserves certification consultancy. The firm reviewed the statistical booking mechanism and provided an independent assessment.

Aramco President & CEO, Amin H. Nasser, highlighted the importance of this achievement, stating, "This achievement enhances the Kingdom’s hydrocarbon wealth through proven gas reserves, which are a vital resource for the energy and chemicals industries." He further emphasized Aramco’s commitment to deploying advanced technologies, including modeling and artificial intelligence, to progress in developing Jafurah. Nasser described the field as a growth catalyst and an essential element in Aramco’s strategy to boost gas production.

Efforts are currently in progress to initiate production at Jafurah, with objectives to achieve a sustainable sales gas rate of two billion scf by 2030. This will also include substantial volumes of ethane, Natural Gas Liquids (NGL), and condensate. The development of Jafurah stands as a significant step towards economic empowerment for the Kingdom, aligning with Aramco’s ambitious strategy to enhance its gas production capabilities.

With inputs from SPA