Morgan Oil and Gas has a sub-contract operating license in the Jafurah gas field which is in the Eastern Province and holds an estimated 200 trillion standard cubic feet of gas in place. The basin hosts the largest liquid-rich shale gas in the Middle East, covering 17,000 square kilometres. Natural gas production at Jafurah will ramp up from 200 million standard cubic feet per day (scfd) in 2025. It will reach a sustainable gas rate of two billion SCFD of sales gas by 2030, with 418 million SCFD of ethane and around 630,000 barrels per day of gas liquids and condensates, essential feedstock for the growing petrochemical industry. This project will make Saudi Arabia one of the world’s largest natural gas producers. As of 30th November, Saudi Aramco has awarded a $1.7 billion contract to a joint venture between Hyundai Engineering Co. and Hyundai Engineering & Construction Co. The contract is to construct a facility that will process gas from the Jafurah field and includes a sulfur recovery unit. Hyundai Engineering holds 55% in the JV, while Hyundai E&C holds 45%.