RIYADH, Feb 22 (NNN-SPA) – Saudi Arabia announced the development of the Al-Jafoura gas field, with an investment of 110 billion U.S. dollars.
The plan was reviewed in a meeting, chaired by Saudi Crown Prince, Mohammed bin Salman Al Saud.
As the largest non-conventional and non-associate gas field in Saudi Arabia, the giant Al-Jafoura field, located in the kingdom’s eastern region, is expected to measure 170 km in length and 100 km in width, and contain an estimated 200 trillion cubic feet of wet gas.
The development of the field would take 22 years and earn a net income of about 8.6 billion dollars annually, adding an estimated 20 billion dollars to annual GDP, according to the crown prince.
It will make Saudi Arabia one of the most important gas producers in the world, he said.
