Earlier this month Aramco signed an $11 billion lease and leaseback deal involving its Jafurah gas processing facilities with a consortium of international investors, led by funds managed by Global Infrastructure Partners (GIP), a part of BlackRock.

RISC Advisory served as the subsurface technical due diligence advisor in this high-profile transaction. The company provided independent geoscience and reservoir engineering analysis, built robust production profiles and worked closely with BlackRock’s team and co-funders to support the investment decision.

Jafurah is the largest non-associated gas development in the Kingdom of Saudi Arabia, estimated to contain 229 trillion standard cubic feet of raw gas and 75 billion Stock Tank Barrels of condensate. It is a key component in Aramco’s plans to increase gas production capacity by 60% between 2021 and 2030, to meet rising demand.

Aramco will hold a 51% majority stake in JMGC, with the remaining 49% held by investors led by GIP. 

KeyFacts Energy: Aramco Saudi Arabia country profile   l   KeyFacts Energy Industry Directory: RISC Advisory