Saudi Aramco awards oil, gas contracts worth $18B

Saudi Aramco awards oil, gas contracts worth $18B

WAAR_DUHOK

 

Saudi Aramco has awarded 34 contracts with a total value of $18 billion to develop the Marjan and Berri oilfields and increase production capacity, the company announced on Tuesday.

The company plans to boost the Marjan and Berri fields’ output capacity by 550,000 barrels per day of oil and 2.5 billion cubic feet per day of natural gas.

The Marjan development project includes a new offshore gas oil separation plant, and 24 offshore oil, gas and water injection platforms.

The Berri program includes a new gas oil separation plant in Abu Ali Island to process 500,000 barrels of Arabian light crude oil per day and additional gas processing facilities at the Khursaniyah gas plant to process 40,000 barrels of associated hydrocarbon condensate.

The program also comprises a new water injection facility, two drilling islands, 11 oil and water offshore platforms and nine onshore oil production and water supply drill sites.

Contractors working on the projects are required to maximize the procurement of material and equipment from local suppliers and manufacturers to help achieve the company’s goals of increasing locally-sourced goods and services to 70% by 2021.

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