Last month, OPEC+ talks ran into a five-day stalemate as Saudi Arabia and the United Arab Emirates - for years allies in both political and energy spheres - disagreed over how quickly to revive idled barrels.
Saudi Arabia: Aramco Discovers 4 New Oil, Gas Fields Published December 28th, 2020 - 07:45 GMT
To determine the field’s size, Aramco has drilled Al-Reesh Well No. 3 and Well No. 4. Well No. 3’s initial production has reached 2,745 barrels per day of the same oil type, along with 3 million standard cubic feet of gas per day. (Shutterstock)
Saudi Arabia s Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz has announced that Saudi Aramco has discovered four new oil and gas fields in the kingdom.
He said that non-conventional oil has been discovered in Al-Reesh oil field, north-west of Dhahran. Al-Reesh Well No. 2 has 4,452 barrels per day of Arab extra light crude oil, along with 3.2 million standard cubic feet of natural gas, a Saudi Press Agency report said.
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