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Saudi Aramco plans to boost production at Marjan and Berri oilfields

Bloomberg/Simon Dawson

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The state-owned oil giant plans to boost production capacity at the two fields by 550,000 barrels per day of Arabian crude oil and 2.5 billion standard cubic feet a day of gas.

Wednesday 10, July 2019 BY MUZORIWA KUDAKWASHE

Saudi Aramco has awarded 34 contracts with a total value of $18 billion for engineering, procurement and construction projects to boost output capacity at Marjan and Berri oilfields.

Amin H. Nasser, the President and CEO of Saudi Aramco, said, “These two programmes will significantly enhance Saudi Aramco’s oil production and gas processing capabilities.”

The company stated that the maximum sustained oil output capacity is currently 12 million barrels per day.

In a statement, Saudi Aramco said that Saudi companies make up 50 per cent of the awarded contracts and 16 Saudi and international companies were chosen in the fields of engineering, supply and construction in a bidding process that involved more than 90 companies and institutions.

The Marjan includes a new offshore gas oil separation plant and 24 offshore oil, gas and water injection platforms, while the Berri increment programme seeks to add 250,000 barrels of Arabian Light Crude per day from the offshore oilfield.

Additionally, the offshore oilfield development project aims to increase the Marjan field production by 300 thousand barrels of oil per day of Arabian Medium Crude Oil, process 2.5 for billion standard cubic feet per day of gas and produce an additional 360 thousand barrels of oil per calendar day of ethane.

McDermott International, Saipem as well as Norway-listed Subsea, Tecnicas Reunidas and China Petroleum & Chemical Corporation are among the companies that won contracts.

India’s Larsen & Toubro and Hyundai Engineering & Construction Company of South Korea also secured deals.

TAGS : Saudi Aramco, Marjan and Berri oilfields, McDermott International, Saipem, Subsea, Tecnicas Reunidas, China Petroleum & Chemical Corporation, Larsen & Toubro, Hyundai Engineering & Construction Company

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