Saudi Aramco Explores Red Sea for Gas With Magseis Seismic Study
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Saudi Arabian Oil Co., the world’s largest crude exporter, is pressing ahead with a project to produce natural gas from the Red Sea by pursuing a geological survey of the area, according to Norway’s Magseis AS.
Magseis is conducting a seismic survey to produce three-dimensional images of “a small area” of the Red Sea floor and potential fuel deposits beneath it for Saudi Arabia’s state oil producer, Ivar Gimse, chief executive officer of the Norwegian company, said by telephone from Oslo on Feb. 6. A media official for Saudi Aramco, as the company is known, declined to comment on the project.