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The Next Entrant in the Shale Revolution? OPEC’s Saudi Arabia

  • Saudi Aramco to start pumping unconventional gas by end-March
  • Jafurah Basin rivals Eagle Ford in Texas: Aramco’s Abdulqader
Light illuminates a shale gas drilling rig.

Light illuminates a shale gas drilling rig.

Photographer: Bartek Sadowski/Bloomberg

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Saudi Aramco, the world’s largest oil exporter, is set to join the shale revolution with plans to start producing unconventional natural gas this month and exploit a deposit that could rival the Eagle Ford formation in Texas.

Saudi Arabia’s gas resources from shale and other alternative supplies are “huge,” Khalid Al Abdulqader, general manager of unconventional resources at Aramco, said Wednesday in Manama, Bahrain. Production at the kingdom’s North Arabia basin will start by the end of March and reach its target by the end of this year, he said, without giving details.