Bloomberg: Saudi Aramco Says Developing Shale Deposits Will Be ‘Challenge’

Developing shale gas in Saudi Arabia will be a challenge as most of it is in deep reservoirs with very low permeability, according to Saudi Arabian Oil Co.

The country, the world’s largest crude exporter, still has “great potential” in shale gas and needs to develop the resources to meet rising domestic demand, Adnan Kanaan, general supervisor for gas reservoir management at the state-owned producer known as Saudi Aramco, said today at a conference in Khobar, Saudi Arabia.

Saudi Aramco will work with international service companies such as Baker Hughes Inc., Halliburton Co. and Schlumberger Ltd. to develop shale gas, Kanaan said.  MORE