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Saudi Aramco has awarded subsurface and engineering, procurement and construction (EPC) contracts worth $10bn for the development of the Jafurah gas field.
The contracts have been awarded to 16 undisclosed domestic and international service companies for the Jafurah Gas Plant and gas compression facilities, as well as infrastructure and related surface facilities.
The contracts for the unconventional gas field mark the start of the company’s development phase.
Saudi Aramco expects the Jafurah field, which is claimed to be the largest non-associated gas field in the country, to require $68bn in investments over the next ten years of the development phase.
According to estimations, the Jafurah basin holds 200 trillion standard cubic feet of gas, making it the Middle East’s largest liquid-rich shale gas play.
The Saudi Arabian oil giant said that the Jafurah field is a ‘major component of its unconventional gas programme which aims to reduce greenhouse gas emissions in the national energy sector’.
Aramco president and CEO Amin Nasser said: “This is a pivotal moment in the commercialisation of Saudi Arabia’s vast unconventional resources programme.”
The Jafurah field is expected to make Saudi Arabia one of the largest natural gas producers in the world and aims to produce 200 million standard cubic feet per day (MMSCFD) of gas by 2025.
