Saudi Aramco has confirmed a phased development for its Jafurah onshore gas production project—which is expected to produce up to 3.1 billion cu ft per day of natural gas liquids and condensates by the next decade—with an estimated $100 billion overall investment.
Amin Nasser, CEO of the Saudi Arabian state-owned energy giant, while reporting its second quarter results on Aug. 14, said construction of production facilities is in two phases—the first to complete in 2025 and the second two years later.