Aramco to award Shaybah and Arabiyah contracts
Saudi oil giant could award gas field contracts as soon as September
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Saudi Arabian hydrocarbons giant Saudi Aramco could award the initial contracts for the development of onsite facilities at two major gas developments in September.
Business intelligence provider MEED reported that an unnamed source said that the contracts would be for project management support and front-end engineering and design (FEED) for the Shaybah and Arabiyah fields.
Arabiyah is a large offshore non-associated gas field that is being fast tracked into production along with the similar Hasbah field. The joint capacity for both fields is around 1.8 billion cubic feet per day.
Shaybah is a huge onshore oil field located in the Empty Quarter of the KSA which, after expansion works are completed, will have a capacity of around 750,000 barrel of oil per day. Aramco will be inviting bids for a a natural gas liquids (NGL) recovery facility at the field.
Aramco is fast tracking gas fields due to the massive surge in demand for in the KSA. The huge growth of petrochemicals production, power generation and water desalination is believed to be behind the surge.