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No new oil, gas find for Shell Saudi JV-sources

Tue Aug 26, 2008 9:39am EDT

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DUBAI, Aug 26 (Reuters) - A Royal Dutch Shell (RDSa.L) and Saudi Aramco joint venture has made no new oil or gas discovery in the kingdom's Empty Quarter, industry sources said on Tuesday.

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The South Rub al-Khali Co (Srak) was drilling a well where Saudi Aramco had previously made a hydrocarbon find, but has so far made no fresh discovery, industry sources familiar with Srak's operation said.

The London-based Middle East Economic Digest (MEED) magazine reported last week that Srak had made a new discovery.

Srak began exploring in 2004 for gas, condensate and natural gas liquids in nine blocks in two separate parts of the desert area of southeast Saudi Arabia.

(Reporting by Simon Webb)

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