The Saudi state energy firm has announced plans to invest $100B to develop the Jafurah shale gas field, which is estimated to 200 trillion cf (6 trillion m~3) of gas, which it expects to come online in early-2024. Once online, Jafurah will produce up to 2.2B ￠/d (623MM m-7d) of gas, 425MM ￠/d (12MM m~3/d) of ethane, and 500K b/d of condensate and natural gas liquids (NGLs). Saudi Aramco will work with a US oilfield services firms Baker Hughes Co., Halliburton, and Schlumberger, who all have vast experience and expertise in developing shale reserves. Aramco CEO Amin Nasser told Reuters on Feb. 24 that the project will use seawater for fracking, addressing the lack of water supplies in the country, with 113 wells having already been drilled in the field since 2013. Nasser said, "A new shale revolution is taking place (in Saudi Arabia), it's commercial and we are using seawater. A lot of people said it doesn't work outside the US.. .because fracking uses a lot of water and wc arc not rich with water. But we are using seawater."
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