Saudi Arabia turns to Halliburton for its fracking needs

[thackney]

Saudi Arabia turns to Halliburton for its fracking needs
https://www.chron.com/business/energy/article/Saudi-Arabia-turns-to-Halliburton-for-its-12947347.php
May 27, 2018

Saudi Arabia will partner with Houston-based Halliburton as it hopes to unlock a natural gas revolution similar to the shale boom that began in the U.S. more than a decade ago.

State oil company Saudi Aramco signed a three-year contract Sunday with the North American fracking leader to handle the hydraulic fracturing and completions of its unconventional gas wells. Saudi Arabia hopes to rely much more on its domestic gas to power the Kingdom's electric grid.

Whiles Saudi Arabia is known as the world's largest oil exporter, it has vast supplies of gas as well, but much of it is difficult to recover from shale rock and tight sand. The goal is to use the unconventional drilling and fracking technologies developed in the U.S., especially in Texas, to tap into those gas resources....

[thackney]

https://www.bizjournals.com/houston/news/2018/05/29/halliburton-saudi-aramco-ink-deal-to-increase.html

...Saudi Aramco was expected to begin producing natural gas in March from the Jafurah basin, which could rival the Eagle Ford, Bloomberg reported at the time. Last summer, CEO Amin Nasser said the company had plans to spend $300 billion over the next 10 years for projects related to maintaining spare capacity for oil as well as boosting exploration and production of conventional and unconventional gas, per Bloomberg.

The New York Times reported that Saudi Aramco has awarded $4.5 billion in contracts over the past year to international oil service companies to increase its gas production, but many failed to recover the gas at an economical price. ...

[IsailedawayfromFR]

Fraccing and the Middle East have never been related.

Now, the region finds itself beset with new opportunities in high potential but low permeability plays.  The solution is fraccing.

I traveled several times to the ME in the past 8 years to look at those plays.  Exorbitantly expensive to drill and develop as there were simply no frac crews whatsoever to test the wells being considered.

Times are now changing.

[Smokin Joe]

Well, they have plenty of sand.....

[IsailedawayfromFR]

Well, they have plenty of sand.....

That's what I thought when I evaluated fraccing some deep gas reservoirs in Oman.

Then the ops engineers told me the sand would come from Texas.....

[thackney]

That's what I thought when I evaluated fraccing some deep gas reservoirs in Oman.

Then the ops engineers told me the sand would come from Texas.....

When I worked in Yemen, we imported sand from other countries just for sand blasting steel before painting.