Saudi Arabia Plans to Invest $110 Billion in Jafurah Gas Field

Saudi Arabia Plans to Invest $110 Billion in Jafurah Gas Field

Saudi Arabia to Invest $110 Billion in Jafurah Gas Field. Field estimated to hold 200 trillion cubic feet of wet gas. The field is estimated to hold 200 trillion cubic feet of wet gas (about 5.7 trillion cubic meters) and its phased development is expected to begin production in 2024, gradually increasing output to 2.2 trillion cubic feet by 2036, it added.. Development of the field over 22 years would provide the government a net income of about 32 billion riyals annually and contribute 75 billion riyals annually to the kingdom's gross domestic product, the agency said..