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FINANCIAL NEWS
Saudi Arabia unveils new gas discovery
24 Feb 2010
(MENAFN) Saudi Minister of Oil and Mineral Resources Ali Al-Naimi announced in Riyadh that Saudi Aramco has discovered new quantities of Gas in Jalameed-Well in the Northern Region, SPA reported.
The minister said that the Gas flows at a rate of 12.1 million standard cubic feet per day from the Jalameed-Well 3 at the depth of 9,795 feet which is located about 95 kilometers east of Turaif city, noting that preliminary tests showed the possibility of exploiting the Gas commercially as well as developing it.
He concluded that the Jalameed-Well can produce larger quantities of gas under normal production conditions, and the assessment of quantities of the Gas in this Well will continue.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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