Aramco poised for new frontier in the Red Sea

By Nassir Shirkhani Doha

 16 December 2011 01:27 GMT

Saudi Aramco is poised to start exploration drilling in the Red Sea early next years as it targets a new frontier which the company hopes will turn in significant non-associated gas discoveries.

The campaign will mark a shift in Aramco’s offshore drilling focus which has so far targeted the shallow waters of the Persian Gulf as opposed to the relatively deep Red Sea.

‘’We are undertaking a massive exploration campaign,’’ Aramco’s chief executive Khalid Al-Falih said in Doha, adding that drilling in the Red Sea will get under way in early 2012.

Aramco is also exploring onshore with the aim of adding to the kingdom’s gas ­reserves. “We have explored, and we have found some gas in north west Saudi Arabia. The new find is…

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