Climate protester sticks poster over Monet painting at Paris museum    Mexico elects Claudia Sheinbaum as first woman president    South Africa president faces up to poor poll result    Maldives to ban Israelis from entering country    Riyadh conference enhances role of education and innovation in developing museums    Saudi energy minister: It is better for OPEC+ to remain cautious    King Salman and Crown Prince congratulate new Kuwait Crown Prince Sheikh Sabah    King Salman issues directive to name Riyadh road after Prince Badr bin Abdulmohsen    Ministry of Interior starts imposing penalties on Hajj rules violators Security officials arrest over 20,000 erring visit visa holders    Saudi Aramco's $12 billion share sale sells out in hours: Bloomberg    Unleashing the Full Potential of Fintech: Challenges, Opportunities, and a Way Forward    Cristiano Ronaldo vows Al Nassr will come back stronger after King's Cup heartbreak    Saudi Foreign Vice Minister attends inauguration of El Salvador President    Makkah Police arrest two for promoting fraudulent Hajj campaign on social media    Crown Prince awards King's Cup to Al Hilal    Yassine Bounou named Man of the Match after leading Al Hilal to King's Cup victory    Al Hilal clinches King Cup in intense penalty shootout and dramatic final    Diriyah Contemporary Art Biennale concludes with massive attendance    Man opens ice cream shop in seaside telephone box    Nepali climber sets record for fastest ascent of Mount Everest by a woman    JK Rowling in 'arrest me' challenge over hate crime law    Trump's Bible endorsement raises concern in Christian religious circles    Hollywood icon Will Smith shares his profound admiration for Holy Qur'an    We have celebrated Founding Day for three years - but it has been with us for 300    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Tapping KSA's unconventional energy resources
Published in The Saudi Gazette on 01 - 03 - 2012

Naimi, Minister of Petroleum and Mineral Resources, inaugurates the Dhahran Unconventional Resources Research and Technology Center at the Dhahran Techno Valley (DTV), Wednesday. — SGSaudi Gazette
DHAHRAN – The first research center in Saudi Arabia that focuses on the research and development of new technologies that will explore and unlock the potential of the Kingdom's unconventional resources, such as shale oil, heavy oil, and tight gas was formally inaugurated here Wednesday by Ali Al-Naimi, Minister of Petroleum and Mineral Resources.
The Dhahran Unconventional Resources Research and Technology Center opened its door at the Dhahran Techno Valley (DTV), the current site of other international organizations engaged in R&D in the oil, gas, and petrochemical sectors.
Present during the inauguration were Khalid Al-Falih, president and chief executive officer of Saudi Aramco, Dr. Khaled Al-Sultan, rector of King Fahd University of Petroleum and Minerals (KFUPM), and Chad Deaton, executive chairman of Baker Hughes, the partner of Saudi Aramco in the R&D venture.
Baker Hughes, a global leader in the supply of oilfield services, products, technology and systems to the worldwide oil and natural gas industry, has already constructed its facility at DTV, which is adjacent to Saudi Aramco and KFUPM.
The opening of the center will allow Baker Hughes to better cooperate with Saudi Aramco, the academic community in the region, and local and regional customers “to solve the challenges unique to unconventional resources, such as tight gas, shale oil, and heavy oil in the Kingdom,” according to Martin Craighead, Baker Hughes president and CEO.
Aside from the fossil resources of oil and gas, the Kingdom also has huge reserves of unconventional resources waiting to be explored.
Besides bringing to the Kingdom technologies in exploring unconventional resources, Baker Hughes will also provide educational sponsorship programs to Saudi female scientists and engineers to pursue their MA, MSC or Ph.D programs in universities overseas, according to Craighead.
Baker Hughes will also continue its partnership with the Saudi Petroleum Services Polytechnic in Dammam in sponsoring work and volunteer programs for young Saudi students. This year, some 30 university students across all disciplines will be offered opportunities to work in the Kingdom and other Gulf countries.
KFUPM rector Sultan said he never doubted that DTV would become the hub of R&D in the oil, gas, and petrochemical sectors in the region.
“We are an oil producing country, and therefore our resources – both in oil and reserves and the robust research programs of our universities – are our greatest asset in hosting world-class companies right here in Dhahran, the center of the oil industry,” he said.
Sultan said the Baker Hughes center, estimated to cost between SR700 to SR800 million, will offer research opportunities to students and postgraduate students of KFUPM in areas of petrophysics, drilling, geomechanics, fluids and production technology.
Baker Hughes has a long association with the Kingdom's oil industry. Over the last five years, the company has invested more than $180 million in local infrastructure that has provided career development opportunities for young Saudis. __


Clic here to read the story from its source.