KSA to drill seven tests shale gas wells.

[Yzd Khalifa]

Saudi Arabia, the world’s biggest oil exporter, will drill about seven test wells for shale gas this year, according to Oil Minister Ali Al-Naimi.
“We know where the areas are,” Al-Naimi said at the Credit Suisse Asian Investment conference in Hong Kong today. “We have rough estimates of over 600 trillion cubic feet of unconventional and shale gas, so the potential is very huge and we plan to exploit it.”
Saudi Arabia is seeking to develop its natural gas resources to meet rising domestic energy demand. Saudi Arabian Oil Co., or Saudi Aramco, is searching for shale gas in the northwest of the country and exploring for unconventional resources such as sour gas in the oil-rich eastern region and in the Empty Quarter deserts, Senior Vice President of Upstream Amin Nasser told a conference March 10 in Manama.
The nation holds as much as 645 trillion cubic feet of technically recoverable shale gas, the world’s fifth-largest deposits.

 

[BLACKEAGLE]

600 trillion cubic feet!! That's wonderful, congratulations!

But according to gas reserves statistics KSA has the largest gas reserves not the fifth with 600 trillion cubic feet = 200 trillion cubic meter of proven gas reserves and yet have half of world reserves. Care to explain @Yzd Khalifa?

List of countries by natural gas proven reserves - Wikipedia, the free encyclopedia

The guys who have been desperately waiting for oil to try out in KSA will be extremely disappointed by this disastrous news.

 

[Yzd Khalifa]

600 trillion cubic feet!! That's wonderful, congratulations!

But according to gas reserves statistics KSA has the largest gas reserves not the fifth with 600 trillion cubic feet = 200 trillion cubic meter of proven gas reserves and yet have half of world reserves. Care to explain @Yzd Khalifa?

Thanks
Yes, that may include natural gas if it counts. But, there's a big hack of a difference between conventional gas and nonconventional one. So, I wouldn't really put them in one category, to be fair.

 

[Mosamania]

Once it becomes economically feasible to drill non conventional energy resources then that will be done.

Al-Naimi the oil minister of KSA said "The Stone Age didn't end for lack of stone, and the oil age won't end for lack of oil".

The world will move on from oil long before it is depleted that's for sure, currently we are betting on solar energy as the bext step, and sun is something we have in infinite amount. If the world gets hooked on the sun, then we will guarantee the safety of our energy supplies for the next one thousand years, hell maybe even dominance as unlike anywhere else in the world, our sun supply is stable throughout the year, almost no difference in day night cycles, which means a more stable flow of energy to export.

 

[Armstrong]

Thanks
Yes, that may include natural gas if it counts. But, there's a big hack of a difference between conventional gas and nonconventional one. So, I wouldn't really put them in one category, to be fair.

So does that mean me & @BLACKEAGLE can expect a gift basket consisting of Cognac, the finest Belgian Chocolate & freshly picked succulent strawberries, at our door step tomorrow sent by you in celebration of this ?

Please !

 

[Yzd Khalifa]

@BLACKEAGLE
Tbqh, I'm not worried about digging it out or whatever. What troubles me is that both of Jordan and Turkey need natural gas these days more than crude oil itself. @T-123456 mentioned something important a few days ago. If we could install a pipeline from the West coast of KSA to Jordan and then Turkey it will be a great idea, you know?
@Armstrong
I think the US is more concerned about the new naval base Pakistan intended to build more than the iranian oil pipeline. If the naval base is built, then I guess Pakistan will bulid a seaport as well, not far from the Arabian Gulf. As such, Pakistan and the GCC will bulid an oil pipeline on their own, and that could get to China easily.

So does that mean me & @BLACKEAGLE can expect a gift basket consisting of Cognac, the finest Belgian Chocolate & freshly picked succulent strawberries, at our door step tomorrow sent by you in celebration of this ?

Please !

You guys are our besties

 

[Armstrong]

@Armstrong
I think the US is more concerned about the new naval base Pakistan intended to built more than the iranian oil pipeline. If the military base is built, then I guess Pakistan will bulid a seaport as well, not far from the Arabian Gulf. As such, Pakistan and the GCC will bulid an oil pipeline on their own, and that could get to China easily.

Its going to take a while for the Gwadar Port to build itself...it is without a doubt a great boon for us but its going to take time & that too only if we get our act together.

That said we'd welcome a Pipeline from KSA but I think we're gonna stick with the Iranian Pipeline as well for we're energy starved to the breaking point & that is our only viable solution in the short-term....no other option right now ! Plus we're sort of bound because of the Agreement that we're going to have to see it through otherwise the financial implications for us in terms of penalties are immense.

 

[Yzd Khalifa]

Its going to take a while for the Gwadar Port to build itself...it is without a doubt a great boon for us but its going to take time & that too only if we get our act together.

That said we'd welcome a Pipeline from KSA but I think we're gonna stick with the Iranian Pipeline as well for we're energy starved to the breaking point & that is our only viable solution in the short-term....no other option right now ! Plus we're sort of bound because of the Agreement that we're going to have to see it through otherwise the financial implications for us in terms of penalties are immense.

Well, what is more important that the pipeline itself is the nation of Pakistan. As for the Iranian pipeline, I do believe in the Pakistani people, and this will be their word, voice, and decision.

 

[BLACKEAGLE]

@BLACKEAGLE
Tbqh, I'm not worried about digging it out or whatever. What troubles me is that both of Jordan and Turkey need natural gas these days more than crude oil itself. @T-123456 mentioned something important a few days ago. If we could install a pipeline from the West coast of KSA to Jordan and then Turkey it will be a great idea, you know?

It would be a great idea, but the problem here is that KSA consume almost all of it's huge gas production. As for Jordan, it has decided to secure it's energy supplies after Iraqi and Egyptian lessons, therefore there are a couple of strategic energy projects are supposed to get finished in the next ten years, including oil shale, nuclear stations, Red-Dead sea canal, solar energy projects as well as Iraq-Jordan pipeline.

 

[Armstrong]

Well, what is more important that the pipeline itself is the nation of Pakistan. As for the Iranian pipeline, I do believe in the Pakistani people, and this will be their word, voice, and decision.

Thank You for understanding, akhi !

You guys too have relations & are now on the verge of developing significant relations with our Arch Enemy without us creating a fuss about it; I hope you understand our situation too - Its not personal, its just business !

 

[Yzd Khalifa]

It would be a great idea, but the problem here is that KSA consume almost all of it's huge gas production. As for Jordan, it has decided to secure it's energy supplies after Iraqi and Egyptian lessons, therefore there are a couple of strategic energy projects are supposed to get finished in the next ten years, including oil shale, nuclear stations, Red-Dead sea canal, solar energy projects as well as Iraq-Jordan pipeline.

It's not much that we consume ,but the reason why we can't export our gas is because of we do then the Qatari economy will severely be harmed.

Sadly, the Jordanians are facing a massive opposition within when it comes to oil shale over environmental concerns.

 

[Armstrong]

It would be a great idea, but the problem here is that KSA consume almost all of it's huge gas production. As for Jordan, it has decided to secure it's energy supplies after Iraqi and Egyptian lessons, therefore there are a couple of strategic energy projects are supposed to get finished in the next ten years, including oil shale, nuclear stations, Red-Dead sea canal, solar energy projects as well as Iraq-Jordan pipeline.

What about Coal Powered Energy or Hydro-Electric ?

 

[Yzd Khalifa]

Thank You for understanding, akhi !

You guys too have relations & are now on the verge of developing significant relations with our Arch Enemy without us creating a fuss about it; I hope you understand our situation too - Its not personal, its just business !

India is a different story, and Pakistan is a different story to us. In short, our relation between Pakistan is special. And Yes, we do understand Sir

 

[Armstrong]

India is a different story, and Pakistan is a different story to us. In short, our relation between Pakistan is special. And Yes, we do understand Sir

Not to us, young man, India to us is what Iran is to you ! I won't lie but we didn't exactly feel on the top of the world when we saw your relations warming up with India to such an extent & I'm sure most of our policy makers took that as a sign that if economics is what it all comes down to then why in God's name have we maintained such cold & indifferent relations with Iran - Someone we don't even have a problem with when our decisions & our actions aren't being reciprocated by others ?

 

[BLACKEAGLE]

It's not much that we consume ,but the reason why we can't export our gas is because of we do then the Qatari economy will severely be harmed.

Sadly, the Jordanians are facing a massive opposition within when it comes to oil shale over environmental concerns.

I haven't heard of such an opposition to oil shale, it's actually the other way around, the majority are just glad of starting exploiting our natural resources that would definitely contribute heavenly in Jordan development as well as reduce our dependence on conditional foreign supplies that sometimes is on the expense of our national interests. Nevertheless, we desperately need energy supplies in the short run, it took from the gov to lift subsidy on energy and is going to do so with electricity as our budget can't afford such a subsidy anymore especially after the recent huge influx of refugees. I just hope GCC understand the hard situation Jordan is going through and act upon it.

What about Coal Powered Energy or Hydro-Electric ?

Never heard of it, we have no coal.