Saudi Arabia on Thursday announced the discovery of massive natural gas reserves in the Red Sea, the Saudi Press Agency reported.

The Natural Gas Liquids (NGL) facility operates at Saudi Aramco's Shaybah oil field in the Rub' Al-Khali desert, also known as the 'Empty Quarter,' in Shaybah, Saudi Arabia, on Tuesday, Oct. 2, 2018. [File Photo: VCG]

Saudi Energy Minister Khalid Al-Falih said Saudi Aramco, officially known as the Saudi Arabian Oil Company, will intensify exploration work during the next two years after completion of the feasibility study.

"Aramco's acquisitions worldwide are going on and the national company has excellent chances in Russia, India, Pakistan and Indonesia, in addition to possible LNG (liquefied natural gas) projects in the United States," Al-Falih said.

He made the remarks during an inspection tour of the projects in King Salman International Complex for Maritime Industries and Services in Ras Al Khair Industrial City.