Aramco to award $400m seismic survey contracts

Studies will cover Red Sea and Manifa oilfield say sources in the KSA

Empty Quarter, Oil and gas middle east, Oil and gas projects Gulf, Oil and gas Saudi Arabia, Oil refineries middle east, Oil refineries Saudi Arabia, Satorp, Saudi Arabia, Saudi Aramco, Saudi Aramco Total Refining Co, Seismic surveys, Total, NEWS, Industry Trends

Other stories: Top 10 MENA Region mega projects | Top 10 billion dollar oil deals of the summer | 2009's winners and losers in the oil industry10 events in oil's history that shook the world | Top 10 Gulf mega projects | Top 10 largest publicly traded oil companies | Top 10 National Oil Companies by production | World's 10 largest oilfield services companies | World's 10 largest oil and gas contractors

State-owned hydrocarbons company Saudi Aramco are to award a number of seismic contracts worth around US$400 million according to industry sources in the KSA.

News agency Reuters reported that the contracts are related to data-gathering and cover the Red Sea and the offshore Manifa oilfield.

A subsidiary of the China National Petroleum Corporation, BGB Arabia, along with the Saudi Rafid Group are expected to sign the contracts.

"There is no confirmation from Aramco that the Rub al Khali [Empty Quarter] is going to be included in this programme but maybe some terrains," the source was quoted by Reuters as saying.

It is believed that the Manifa survey will be a 3D programme and runs for two years. The Red Sea contract covers onshore and offshore, is a 2D transition and lasts for 14 months.

There may be scope for another four-year study that covers the study of oil and gas finds in the Empty Quarter of the KSA.
 

Newsletter

Most Popular

Digital Edition

Oil & Gas Middle East - September 2020

Subscribe Now