Halliburton, one of the largest oil and gas service companies in the world, is expanding its unconventional gas operations in Saudi Arabia. The company forecasts that by 2027, more than 30,000 hydraulic fracturing stages will be conducted across the country. These new activities allow Halliburton to create new growth opportunities in light of reduced activity in North American markets.
Market Analysis of Unconventional Gas in Saudi Arabia
The unconventional gas market in Saudi Arabia is recognized as one of the largest gas resources in the world. The country is known for its vast natural gas reserves, particularly in large gas fields such as the 'Mord' gas field and the 'Fadh' gas field. Given the Saudi government's policies for diversifying energy sources and reducing dependence on oil, the development of unconventional gas has become a priority.
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Future Outlook for Halliburton and the Gas Industry
Halliburton, in line with its plans to increase the number of hydraulic fracturing stages, is looking to establish the necessary infrastructure for exploiting unconventional gas in Saudi Arabia. By utilizing modern technologies and advanced equipment, the company will be able to achieve higher efficiency in this field. Additionally, these developments can contribute to job creation and increased foreign investments in the country.
Ultimately, given the growing global demand for natural gas and the increasing need for clean energy supplies, Halliburton and Saudi Arabia, as key players in this market, can play an important role in the future of global energy.
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