Saudi Aramco has discovered a new gas field near the port of Daba in the Red Sea, according to the Saudi Arabian oil minister Ali al-Naimi
Al-Naimi revealed that tests at the site conducted at a depth of 17,700 feet revealed that gas flowed at a rate of 10mn cfd.
Saudi Aramco has said that it planned to continue evaluating the gas in the well and would drill more wells in order to help it attain the size of the field.
The state-owned oil company's gas reserves rose to 282.6 trillion standard cf in 2011 from 279 trillion standard cf in 2010, with its production of gas rising to an average of 9.9bn cfd in 2011 from 9.4bn cfd a year earlier.
