Srak (South Rub Al-Khali Company) is staying committed to its seven-well first exploration phase programme over the coming 18 months despite an unsuccessful wildcat last year, its new chairman Abdulaziz al-Judaimi of Saudi Aramco said.
Shell has a 40% stake in Srak, with Aramco and France's Total each holding 30%.
The venture, set up in late 2003, has two contract areas totalling 210,000 square kilometres in the unexplored Saudi desert known as the Empty Quarter.
The
