Saudi Arabia to Drill Seven Shale Gas Test Wells, Al-Naimi Says

Bloomberg: Saudi Arabia, the world's biggest oil exporter, will drill about seven test wells for shale gas this year, according to Oil Minister Ali Al-Naimi. "We know where the areas are," Al-Naimi said at the Credit Suisse Asian Investment conference in Hong Kong today. "We have rough estimates of over 600 trillion cubic feet of unconventional and shale gas, so the potential is very huge and we plan to exploit it." Saudi Arabia is seeking to develop its natural gas resources to meet rising domestic energy...

URL: http://www.bloomberg.com/news/2013-03-18/saudi-arabia-to-drill-seven-shale-gas-test-wells-al-naimi-says.html