Saudi Aramco plans five year expansion scheme

Saudi Aramco has announced plans for several upstream oil projects over the next five years.

  • E-Mail
By  Eudore Chand Published  December 30, 2003

Saudi Aramco has announced plans for several upstream oil projects over the next five years, and the expansion and of refining and distribution facilities. The company’s expenditure on materials and services is projected to exceed US$18 billion through 2007. Five new upstream oil projects are planned over the next five years, Saudi Aramco’s vice-president for new business development, Khaled Falih, said at an industry gathering in London. The projects involve the onshore fields of Khursaniya, Nuayyim and Abu Hadriyah and the offshore Manifa field. They had been earmarked for implementation in the early 1990s, but were put off because of budgetary considerations. Khursaniya, which was taken out of production in 1993, has a capacity of 150,000 barrels per day (bpd) of Arab Medium, of which 50,000 bpd is mothballed. Nuayyim in central Saudi Arabia is one of the Najd fields, which Saudi Aramco started bringing onstream in 1994. Other fields they have brought online include Hawtah, Hazmiyah, Ghinah and Umm Jurf. Nuayyim came onstream with limited capacity in January 1997, using facilities at the Hawtah field. The construction of a 75,000 bpd gas/oil separation plant (GOSP) at Nuayyim at a cost of $180 million, whichwas put off in 1995 will boost Saudi Arabia’s Super Light capacity to 275,000 bpd. Saudi Aramco is set to tender the US$3.1 billion Khurais development, which will increase capacity from 100,000 bpd to 1.2 million bpd of Arab Medium not later than the end of 2008. The remaining tenders are expected to be decided in 2005.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code