Saudi Aramco Annual Report 2021 - Aramco Expats IFP Energies nouvelles is a public-sector research, innovation and training center active in the fields of energy, transport and the environment. Korea, Level 32, Maxis Tower The Khurais complex, which comprises of the Abu Jifan and Mazalij fields in addition to Khurais itself, is approximately 106 kilometers long and 18 kilometers across at its widest point. Marjan Field Expansion, Arabian Gulf, Saudi Arabia - NS Energy The Marjan increment program is an integrated development project for oil, associated gas, non-associated gas and cap gas from the Marjan offshore field. Our second 250,000 bpd expansion project at Shaybah came on-stream in 2016, raising its overall production capacity to 1 million bpd of Arabian Extra Light crude oil double the facilitys original capacity. To access OGNnews.com for free sign-up today, The definitive news source for the energy markets of the Middle East with a unique global perspective The facility also has the capacity to inject 1.1 million bpd of non-potable water for reservoir pressure maintenance. Marjan Oil Field Development, Saudi Arabia - Offshore Technology YASREF uses 400,000 barrels per day (bpd) Chinese offshore contractor Offshore Oil Engineering Company (COOEC) has started fabrication of offshore facilities for the Marjan incremental project offshore Saudi Arabia following a. This integrated development project for oil, an additional 2.5 billion standard cubic feet per day of associated and nonassociated gas, and 300,000 bpd of C2+NGL, includes a new offshore gas-oil separation plant (GOSP) known as Marjan GOSP-4, as well as 24 offshore oil, gas, and water injection platforms, and new transfer pipelines. Representatives of the state-controlled oil firm met executives from about 80 . Our Aramco Research Center in Detroit focuses on competitive transportation solutions, improving the efficiency of current and future engines, reducing overall environmental impact, cost, and complexity of engine systems. Saudi Aramco met with an army of Turkish contractors this week to discuss $50 billion of potential projects in the Gulf kingdom, underlining improving trade ties between the two countries after . Aramco Innovations Research Center Explore our frequently asked questions (FAQs) and IR contact form. Qatif Producing Plants Program consists of facilities to produce, process, and transport 500,000 bpd of blended Arabian Light crude oil from the Qatif field and 300,000 bpd of Arabian Medium crude oil from the offshore Abu Sa'fah field. Marjan is estimated to have the capacity to produce about 500,000 barrels per day of crude based on existing production facilities. 'tag' : 'Procurement_Construction', Abqaiq is the main oil processing center for Arabian Extra Light and Arabian Light crude oils. Xiamen 361012, Fujian, China, 2A-0801, 8th Floor, Two Horizon Center, DLF 5, Our Technology Office in Aberdeen focuses on drilling and production technologies. W1H 6AZ, London According to McDermott, the award represents the single largest EPCI offshore contract awarded by Aramco. Saudi Aramco Taps Turkish Firms for $50 Billion Building Spree The engineering, procurement, construction and installation (EPCI) contract is awarded for execution in consortium with L&T Hydrocarbon . Construction of TP-10 tie-in platform 2. Client Saudi Aramco Year contract 2019 Value $3000 Millions Responding to the worlds needs while reducing carbon intensity Supporting the commitment to reduce the carbon footprint intensity by gathering best-in-class technologies, applying well completion technics and reservoir management practices. Iraq is in discussions with Saudi companies, including Aramco, to invest in its oil and gas sector but a final agreement has not yet been reached, the Iraqi Oil Ministry said on Thursday. Private equity deal activity in the oil & gas industry in North America remained flat in Q1 2023, Who's investing where? Aramco owns a 7.7% equity interest in Idemitsu Kosan. Apart from the contract in cooperation with Chinas COOEC, McDermott has won a contract in excess of $1.5 billion for Package 4 of Saudi Aramcos Marjan project. In 2020, Aramco confirmed that it would proceed with the divestment of the Jazan Integrated Gasification and Combined Cycle Plant into a Joint Venture (JV) between Aramco, Air Products, ACWA Power, and Air Products Qudra, integrating the Air Separation Unit into the JV. From November 1st DN Media Group is responsible for controlling your data on Upstream. Saudi Aramco nears decision for up to 11 coveted offshore contracts. Turkish government-backed investment projects have also been on the wane in recent years, especially after the earthquakes, he said, referring to the February temblors that killed more than 50,000 people in Turkey. recovery plant at Shaybah was commissioned and began production in late 2015, OGN provides authoritative information, OGN media platform is dedicated to deliver the latest news on industry developments in carbon and non-carbon sources of energy, contract information and support for business development strategies for companies concerned with the energy sector. The Haradh area, located at the southern tip of the Ghawar oil field, was developed in three increments of 300,000 bpd of Arabian Light crude oil capacity. Producing the products that drive our economy. 'longevity' : 'News', The Center is also evaluating the expansion of research activities into the downstream sector in areas such as transportation efficiency, greenhouse gas management, advanced control and power systems, robotics, materials science, nanotechnology and advanced computing. Dhahran 31311, Saudi Arabia, North Park 1 Dhahran 31311, Saudi Arabia, Al-Midra Tower Building "Aramco wants to see as many Turkish contractors as possible in its projects," Eren said. We are expanding the gas processing capacity of our Hawiyah gas plant by more than 1 BSCFD. UAE small business can now tap relief on corporate tax. Producing since the 1970s, the offshore field continues to be revamped to expand its crude and gas production capacities. The measure is aimed at cost savings amid the prevailing industry downturn, as the state company would need to pay contractors instalment amounts upon completion of milestones, the sources said. The project benefited from successful integration of four technologies: multilateral, maximum reservoir contact (MRC) wells; Smart Well completions (using control valves for preventing premature water breakthrough); geosteering (for optimal placement of wells in the reservoir for maximum recovery); and the intelligent field concept, in which real-time sub-surface data transmissions enable continual monitoring of key reservoir indicators. Our investment in South Koreas S-OIL, one of the countrys leading refiners, complements our downstream ventures in China and Japan and creates new opportunities along the value chain in the major energy markets in Asia. Upstream is part of DN Media Group. Apart from McDermott, Saipem has also confirmed it has won two contracts worth over $3.5 billion. 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The Saudi Aramco Journal of Technology is published quarterly to provide the company's scientific and engineering communities with a forum for the exchange of ideas. Separately, McDermott won a $1.5B contract for Marjan Package 4.. Download the latest financial reports and presentations from the company. They are planning refinery, pipeline, management buildings and other infrastructure construction that will be worth $50 billion in investment.. Good governance is at the core of how we operate and is fundamental to sustainable success. However, at Marjan, we strive to maximize value by maximizing local content, developing local male and female talent, and increasing the utilization of technology, digital solutions, and innovations, he added. Name of Client : Saudi Arabian Oil Company (Aramco) Estimated Budget : $1,200,000,000 Contract Value : $800,000,000 Facility Type : Gas Treatment Plant Sector : Gas Main Contractor : Saipem Location : Marjan, Saudi Arabia Award Date : 2019-Q21 Status : Construction Background. July 10, 2019, by Offshore Energy Today Italian oilfield services giant Saipem has won a large part of a total of $18 billion worth of contracts awarded by Saudi Aramco as part of further development of Marjan and Berri offshore fields in Saudi Arabia. Saudi Aramco met with an army of Turkish contractors this week to discuss $50 billion of potential projects in the Gulf kingdom, underlining improving trade ties between the two countries after they buried a diplomatic spat over the killing of Jamal Khashoggi. Non-associated gas fields do not have an associated oil column and, therefore, can be accessed without producing oil. The plant NGL production A Wasit, one of the largest gas plants we have ever built, was brought onstream in October 2015 and reached full operating capacity in mid-2016. Kuala Lumpur City Center articles a month for anyone to read, even non-subscribers! A unique feature of Fadhili is that its multiple downstream treated gas pipelines enhanced the connectivity, reliability, and responsiveness of Saudi Aramcos Master Gas System (MGS), as those pipelines are connected to the northern and central sections of the MGS. Our Beijing Research Center conducts research on chemical enhanced oil recovery and advanced seismic imaging technologies, including automated fault detection and improvements in data quality through super resolution. Upstream is part of DN Media Group. Preserving the natural environment while delivering our business promise. With the startup of production from these two fields, more than 40% of our nonassociated gas now comes from offshore fields. high-value refined products for both international and domestic markets. We deploy the latest technologies, innovative solutions and best-in-class marine and offshore traffic control means to complete the project safely.. Aramco Holds Talks with Turkish Firms on $50B Planned Projects