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FINANCIAL NEWS
Saudi Aramco, Shell JV wins Kidan project
18 Nov 2011
(MENAFN) Saudi Aramco and Royal Dutch Shell joint venture received the green light to carry on a study for the possible development of Kidan area, Reuters reported.
The South Rub al-Khali Co (SRAK) submitted its plan in 2010 to continue exploration in Kidan, an area already discovered by Aramco years ago, after announcing in 2009 gas had flowed from Kidan.
The plan consists of drilling up to three appraisal wells, expected to complete by en of 2013, and conduct extensive studies, to complete its appraisal by end-2013.
It is worth mentioning that Kidan is rich in sour gas that has high levels of potentially deadly hydrogen sulphide and therefore is tougher to produce than conventional gas reserves.
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