Saudi Arabia’s oil giant Aramco has announced the start of its development of its Jafurah unconventional gas field in a press event on Monday.
The company’s chief executive officer, Amin Nasser, said the field, which it claims to be the largest in the world, could replace 500,000 barrels per day of oil production “at its peak.”
The project comes amid global pressure to transition to cleaner sources of energy, following major climate change-focused events in recent months.
“This breakthrough in unconventional gas could not come at a better time for the energy transition,” Aramco’s Nasser said, describing gas a “proven, reliable, and affordable energy source.”
He explained gas “emits around half of coal emissions in power generation.”
This project, Nasser added, contributes to the Kingdom’s broader environmental agenda, where the government said it wants to reach net-zero emissions by 2060.
