Five new oil fields found in Saudi Arabia

Five new oil fields and three gas fields have been discovered in Saudi Arabia's Eastern Province, said the country's Petroleum and Mineral Resources Minister Ali Al-Naimi.     

Four of the five oil fields, named as Jaouf-II, Ramthan-IX, Nayashin-I, Jareed-101 and Khorsaniya-114 were found in the mainland while the fifth was discovered in a waterlogged region of the province, an Arab News report said.     

"The Jaouf-II well is located 300 km northwest of Dhahran and can produce 2,551 barrels of oil and 1.2 million cubic feet of gas daily," Al-Naimi said.     

The Ramthan-IX well is situated 400 km northwest of Dhahran while Nayashin-I is located 60km northwest of Ramthan.     

The oil giant 'Saudi Aramco' found Jareed-101 in Arabian Gulf waters, about 130km north of Dhahran and Khorsaniya-114 about 138 km northwest of the city.     

Al-Naimi said the gas fields were found in waterlogged areas along the Arabian Gulf and named them as Arabiya-I, Rabeeb-I and Hasba-16. He said Arabiya-I, located 185 km northeast of Dhahran, can produce 41.1 million cubic feet of gas daily.     

The other two gas fields are also located within a range of 125 and 200 km northeast of the oil city.