Karan is a producing conventional gas field located in shallow water in Saudi Arabia and is operated by Saudi Arabian Oil. The field is located in block Saudi Aramco Concession Area, with water depth of 197 feet.
An expansion project is associated with the Karan, namely Karan Development. This project is currently in the construction stage.
Field participation details
The field is owned by Saudi Arabian Oil.
Production from Karan
The Karan conventional gas field recovered 31.32% of its total recoverable reserves, with peak production in 2012. The peak production was approximately 1,080 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2067. The field currently accounts for approximately 2% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 1,328.66 Mmboe, comprised of 7,971.97 bcf of natural gas reserves. Karan conventional gas field reserves accounts 0.43% of total remaining reserves of producing conventional gas fields globally.
Contractors involved in the Karan conventional gas field
The key contractors involved in the Karan project as follows.
Main EPC: McDermott International
About Saudi Arabian Oil
Saudi Arabian Oil Co (Saudi Aramco) is a state-owned energy and chemical company. It carries out the exploration, production and processing of crude oil and natural gas, refining, fractionation of natural gas, production of petrochemicals, and distribution of petroleum products and natural gas. The company operates wholly-owned domestic refineries, and has interests in joint venture refineries with international partners. Saudi Aramco operates through a network of pipelines, bulk plants, air refueling sites, and terminals. The company also operates power plants and associated transmission and distribution facilities in the Kingdom of Saudi Arabia. The company has subsidiaries and joint ventures across the Americas, Europe and other regions. Saudi Aramco is headquartered in Dhahran, Eastern Province, Saudi Arabia.
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.