September | 2020 |

TechnipFMC awarded a significant contract by Shell Moerdijk for the Engineering, Procurement and module Fabrication (EPF)

TechnipFMC has been awarded a significantcontract by Shell Moerdijk for the Engineering, Procurement and module Fabrication (EPF) for proprietary equipment and related services for eight ethylene furnaces at the Moerdijk petrochemicals complex in the Netherlands.

The new furnaces will utilize TechnipFMC’s innovative multi-lane radiant coil design and will replace 16 older units without reducing capacity at the facility, while increasing energy efficiency and reducing greenhouse gas emissions. This upgrade is expected to reduce Shell Moerdijk’s annual CO₂ emissions by about 10 percent.

The new furnaces will be shipped to the site in modules, enabling the cracker to continue to operate throughout the upgrade project.

*For TechnipFMC, a “significant” contract ranges between $75 million and $250 million.

Source: TechnipFMC

Wood secures $84m contract for Equinor’s Breidablikk development

Wood has been awarded a contract to provide EPCI (engineering, procurement, construction, and installation) services in Norway.

Under the $84m contract, Wood will deliver all topside modifications at Equinor’s Grane installation in preparation for the tie-back of the Breidablikk subsea development. Modifications will include the integration of new pipelines and an umbilical, as well as increasing capacity for produced water at the facility. The majority of the preparatory work will be carried out by Wood’s teams in Sandefjord and Stavanger in Norway.

The work has been awarded following successful delivery of the FEED study, which was awarded with an option for the EPCI scope in 2019.

Dave Stewart, CEO of Wood’s Asset Solutions business in Europe, Africa, Asia and Australia, comments: “We are pleased to support the development of the Breidablikk tie-in project, which aligns with our ambition to support our clients with realising the full potential of their project portfolios.

“We have built a strong working relationship with Equinor over more than two decades and we look forward to continuing our track record as a key contributor to this impressive project.”

Lars Fredrik Bakke, Wood’s senior vice president in Norway, adds: “Our involvement in this project allows us to leverage the maintenance, modifications, and operational expertise within our Norway organisation to ensure the successful integration of this subsea tie-back.

“Winning this contract strengthens our position as a key partner in extending production from existing infrastructure, both in Norway and globally.”

The Breidablikk discovery will be developed as a subsea field with a tie-back to the Grane platform. The preparatory tie-in modifications at the Grane installation will be completed in the first half of 2024.

This contract is subject to final approval of the development by Norwegian authorities.

Source: WoodPlc

Aker Solutions has signed an engineering, procurement, construction and integration (EPCI) contract for the integration of a high-voltage electrical boiler package as part of the electrification of Lundin Energy Norway's Edvard Grieg platform.

The electrical boilers will replace the gas turbines which generates heat on the platform today, making Edvard Grieg a fully electrified platform. All heating and power needed for the platform will come from electrical power from shore by 2022. This accounts for an annual emission reduction of around 200,000 metric tons of CO₂.

"We look forward to working with Lundin to fully electrify the Edvard Grieg platform," said Linda Litlekalsøy Aase, executive vice president, brownfield projects, at Aker Solutions.

The work starts immediately and will involve more than 50 employees at Aker Solutions' facilities in Fornebu, Stavanger and Egersund, Norway.

Aker Solutions has previously provided engineering work for the Edvard Grieg development.

The Edvard Grieg field is located in the Utsira High area of the North Sea, about 180 kilometers west of Stavanger, Norway.

Source: Aker Solutions

Aker Solutions Wins Electrification Work for Lundin Energy Norway

Eni, new gas discovery in the “Great Nooros Area”, Mediterranean Sea, Egypt

Eni (as the Operator of the Block) and bp (as contractor member) announce a new gas discovery in the so-called “Great Nooros Area”, located in the Abu Madi West Development Lease, in the conventional waters of the Nile Delta, offshore Egypt.

This new discovery, achieved through the Nidoco NW-1 exploratory well, is located in 16 meters of water depth, 5 km from the coast and 4 km north from the Nooros field, discovered in July 2015.

The Nidoco NW-1 exploratory well discovered gas-bearing sands for a total thickness of 100 meters, of which 50 meters within the Pliocene sands of the Kafr-El-Sheik formations and 50 meters within the Messinian age sandstone of the Abu Madi formations, both levels with good petrophysical properties. In the Abu Madi formations a new level, which was not yet encountered in the Nooros field, has been crossed proving the high potential of the Great Nooros Area and the further extension of the gas potential to the North of the field.

The preliminary evaluation of the well results, considering the extension of the reservoir towards north and the dynamic behavior of the field, together with the recent discoveries performed in the area, indicates that the Great Nooros Area gas in place can be estimated in excess of 4 Tcf.

Eni, together with its partner bp, in coordination with the Egyptian Petroleum Sector, will begin screening the development options of this new discovery benefitting of the synergies with the area’s existing infrastructures.

Eni, through its subsidiary IEOC, holds a 75% stake in the license of Abu Madi West Development Lease, while bp holds the remaining 25% stake. The operator is Petrobel, an equal joint venture between IEOC and the state company Egyptian General Petroleum Corporation (EGPC).

Eni has been present in Egypt since 1954, where it operates through IEOC Production. The current equity production of IEOC is about 300,000 boepd.

Source: ENI

SSEM secured $202 million Industrial Wastewater Treatment Plant Contract

Saudi Arabia’s Marafiq (Power and Water Utility Company for Jubail and Yanbu) awarded the contract to expand Industrial Wastewater Treatment Plant No. 8 (IWTP8), Phase 4.

The Project location is in Jubail, eastern region of Saudi Arabia.

The project has been awarded to Saudi based construction firm, Saudi Services for Electro Mechanical Works Co. (SSEM).

The value of signed contract is SAR 757,500,000 (USD 202 million).

As per the temrs of the contract, SSEM will expand the existing Industrial Wastewater Treatment Plant No. 8. The Phase 4 expansion will enable the plant to treat industrial wastewater with a 125,000 cubic meters/day of liquid waste in addition to its current capacity.

The project completion period is 36 months.

The expansion of IWTP-8 will use the latest technologies to enhance the capabilities to preserve the environment and ensure full commitment to the Royal Commission’s environmental regulations.

At present, in Jubail, Marafiq is having the total network length of approximately 1,200 km for sanitary and industrial wastewater. All wastewater is collected through a pipeline network will be delivered to the Industrial Wastewater Treatment Plant (IWTP8) and the Sanitary Wastewater Treatment Plant (SWTP9).

At present, IWTP-8 is having design capacity of 148,000 cubic meters/day and SWTP9 is having design capacity of 159,000 cubic meters/day.

Source: Saudi Gulf Projects

Wood secured a new $42m contract from Equinor on behalf of operator Gassco to provide EPCI services at the Kollsnes gas processing plant in Norway.

Wood has secured a new $42m contract from international energy company Equinor on behalf of operator Gassco to provide EPCI (engineering, procurement, construction and installation) services at the Kollsnes gas processing plant in Norway.

The contract will see Wood strengthen its onshore execution capabilities in Norway with the delivery of the Kollsnes MEG Upgrade (KMU) project, which includes an extension of the fourth MEG train at the plant, following the successful execution of the associated FEED study in 2019.

Effective immediately, the scope will be delivered by Wood’s engineering team in Norway, while leveraging the strength of the company’s process system expertise across its global organisation. Subcontractor Kvaerner will deliver the construction scope at the Stord Yard.

This award strengthens Wood’s position as a leading contractor in the development and upgrades of critical onshore energy infrastructure, building upon recently awarded modification scopes for Equinor at the Mongstad refinery.

Source: Wood

SAPURA ENERGY WINS MAJOR PROJECTS WORTH RM840 MILLION IN SOUTH AMERICA AND AFRICA

Sapura Energy Berhad, a leading global integrated oil and gas services and solutions provider, has announced two major project wins in South America, as well as a drilling contract win in the Ivory Coast.

The total value of the three contracts is RM840 million, bringing the company’s total wins to-date to RM1.6 billion, in FY2021.

The new wins demonstrate Sapura Energy’s resilience in a challenging environment, progressing the company’s strategy of leveraging on its agility and assets to expand international reach.

Sapura Energy has aimed to capture opportunities still available in addressable markets for oil and gas services, deepening its presence in the fastest growing regions like South America, Africa and Middle East.

In South America, Sapura Energy strengthened its hold as its subsidiary Sapura Energy Mexicana S.A.P.I. de C.V. secured the engineering, procurement, construction and installation scope for the Eni Mexico S. de R. L. de C.V. Amoca Project – Offshore Block Area 1 in Mexico.

The contract entails the transportation and installation of the Amoca Platform and the pipeline and subsea cable interconnecting the Amoca and Mizton platforms with the Floating Production Storage and Offloading (FPSO) unit. The works are expected to be completed by Q4 FY2022.

Sapura Energy has completed multiple projects in Mexico, after its maiden entry in 2015.

In Brazil, Sapura Energy builds upon its longstanding relationship with Petróleo Brasileiro S.A. (Petrobras), as the national oil company awarded Sapura Navegação Marítima S.A. (“SNM”) twelve-months extension on the contract for the operation of pipe-laying support vessel Sapura Esmeralda.

The scope of work comprises the provision of services and charter for the installation and recovery of flexible pipes, by utilising Sapura Esmeralda in Brazilian waters. The existing contract is expected to complete by April 2021 and the twelve (12) months extension will commence immediately after the duration of the original contract of Sapura Esmeralda ends.

SNM is wholly-owned by Seabras Sapura Participações S.A., a joint venture company between Sapura Offshore Sdn Bhd and a subsidiary of Seadrill Limited.

Meanwhile Sapura Energy marked its re-entry into Ivory Coast, as Foxtrot International LDC has awarded Sapura Drilling Holdings Limited a contract for the provision of its Tender Assist Drilling Rig Sapura Berani services in the country. Sapura Energy’s drilling arm provided similar services for Foxtrot International LDC’s drilling campaign in Ivory Coast in 2015 to 2016.

The contract scope comprises the provision of semi tender-assist drilling rig services for three wells, offshore Ivory Coast, commencing in Q1 FY2022. It includes the option of one well extension. With this contract, Sapura Energy will have two of its rigs operating in the African continent. Its semi-submersible tender assisted drilling rig Sapura Jaya is currently working offshore Angola.

Source: Sapura Energy

Nesma Water & Energy wins Saudi Arabia’s sewage treatment plant contract

Nesma Water & Energy was awarded a project by the Ministry of Environment, Water and Agriculture to work on the sewage treatment plant of 125,000 M3/ capacity and the main pumping station in Tabuk city.

The region’s Vision 2030 highlights the critical importance of ensuring the future reliable provision of sewage treatment services for the quality of life of residents of the kingdom.

Early this year, Saudi Water Partnership Company (SWPC) launched a programme to commission a round of new independent sewage treatment plants (ISTPs) to meet sewage treatment requirements, SWPC said in a statement.

This included development works on the Buraydah 2 ISTP, bearing a total treatment capacity of 150,000m3/day, and Tabuk 2 ISTP, bearing a total treatment capacity of 90,000 m3/day.

Source: Nesma

Petrofac’s Engineering and Production Services (EPS) business secured a multi-million dollar Integrated Services Contract with Ithaca Energy

Petrofac’s Engineering and Production Services (EPS) business today announces the award of a multi-million dollar Integrated Services Contract with Ithaca Energy (Ithaca).

In a new five-year deal, Petrofac will integrate operations, maintenance, engineering, construction, and onshore and offshore technical support across Ithaca’s North Sea operated asset base.

The contract extends Petrofac’s existing working relationship with Ithaca, as well as the duration and breadth of services it provides for the Alba, Captain, Erskine and FPF-1 assets, building on the operations, engineering and support services it has been providing since 2011.

Having expanded its in-house capabilities, Ithaca will assume Safety Case responsibility for the FPF-1 asset, whilst Petrofac continues to provide all services and 96 offshore team members for the asset under the new contract.

Commenting, Nick Shorten, Managing Director for Petrofac’s EPS business in the Western Hemisphere, said: “Now more than ever, it is vital that operators can have confidence in the supply chain to generate value for them. We’re achieving this for our clients by combining our integrated approach with the latest digital technology to drive efficiencies and increase productivity.

Source: Petrofac

L&T Construction Awarded Contracts for its Various Businesses

The construction arm of L&T has secured orders from prestigious clients for its varied businesses.

Buildings & Factories Business:

The Buildings & Factories Business of L&T Construction has secured a Design & Build Lump-sum Turnkey order from a prestigious client in India to construct a Grade – A office space in two locations in Bangalore, with a total built-up area of 2 million sq. ft with 3 Basements + Ground + 13 floors configuration. Total seating capacity of both the projects combined will be 14,600. The scope of works includes civil / structure works, MEP, façade works, common area finishes and external development works.

As a part of the sustainable and green design initiatives, the project will be a Gold LEED certified building upon completion.

Water & Effluent Treatment Business:

The Water & Effluent Treatment Business of L&T Construction has secured an order from Punjab Water Supply & Sewerage Board, Punjab, to provide surface-based bulk drinking water supply to Jalandhar town on design, build, operate and transfer basis. The project is part of the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme. The aggregate scope of the project includes design and construction of a raw water storage and sedimentation tank, raw water settling tank cum pumphouse, water treatment plant of capacity 275 MLD, clear water reservoir, underground storage reservoirs and pumping stations, raw and clear water transmission pipelines, associated electromechanical and instrumentation, control and automation works. The project involves automation including measuring input and output water quantity and quality through suitable SCADA and other instrumentation works. The project is designed to cater safe and potable bulk drinking water to Jalandhar benefitting 13.8 lakh population and will help convert existing ground-based water supply system in the town to a surface-based system. L&T GeoStructure: L&T GeoStructure has been awarded projects to construct Down and Up Lines (Package 1 & 2) of a bypass grade separator in Katni district, Madhya Pradesh. The scope involves constructing about 2800 piles, pile caps, piers, pier caps, superstructure, embankment with retaining walls, etc. The project duration is 36 months.

Source: L&T Press Release

CTCI and GE Awarded Multi-Billion Dollar EPC Contract for 5 Combined Cycle Gas Power Units in Taiwan

Earlier this month, Taiwan’s engineering, procurement, and construction (EPC) leader CTCI Corporation and consortium partner, General Electric International Inc (GE), secured a record-breaking multi-billion-dollar EPC contract for five combined-cycle gas-fired power generating units at two power plants in Taiwan.

In partnership with U.S. global company, GE, the consortium was selected for the project which includes works for three new generating units at Hsinta Power Plant with 3,900 MW installed capacity and two new generating units at Taichung Power Plant with 2,600 MW installed capacity, both of which are owned by Taiwan Power Company, the state-owned electric power utility corporation.

“We are pleased to be part of the government’s effort to bring cleaner energy,” said Michael Yang, Chairman of CTCI Corporation. “The result is also a recognition of CTCI Corporation and GE’s proven track records in the power industry.”

CTCI Corporation will provide engineering and construction of civil work and erection for the generating units, as well as whole work of balance of plant. GE will deploy ten units of its latest gas turbine technology, the 7HA.03, with its matching steam turbine, generators and HRSG at both sites. The 7HA.03 is the best evaluated technology striking the optimal balance for power output, efficiency and maintainability.

“Building on a proven track record of delivering and commissioning projects in Taiwan, GE is proud to support Taiwan Power Company in their energy transition program to increase electricity production capacity with more efficient technologies, and bring fast, flexible power to Taiwan,” said Ramesh Singaram, President and CEO of GE Gas Power Asia.

The new generating units will commence operations in phases from 2024, gradually replacing coal-fired power generating units, in line with Taiwan government’s non-nuclear and clean energy policy that seeks to increase gas-fired power ratio to 50% by year 2025.

CTCI Corporation has extensive track records in power plant EPC in Taiwan and Southeast Asia, including nuclear, thermal, cogeneration, and combined cycle power plants. In addition, its parent CTCI Group continues to be a strong supporter of the government’s energy diversification policies by tapping into renewable energy sectors such as offshore wind, solar power, and biomass. For GE, the project builds on the company’s proven track record in Taiwan, where GE’s latest HA technology will power the Datan 7, 8 & 9 combined-cycle power plants.

Source: CTCI

CTCI wins US$647 million EPCC contract to build a regasification facility of liquefied natural gas (LNG) Receiving Terminal for Taichung Power Plant

CTCI Corporation announced that it has been awarded an approximately NT$19 billion (US$647 million) engineering, procurement, construction and commissioning (EPCC) contract to build a regasification facility of liquefied natural gas (LNG) Receiving Terminal for Taichung Power Plant, owned by Taiwan Power Company (Taipower).

This is the first LNG receiving terminal and regasification facility owned by Taipower other than CPC Corporation (CPC). Taiwanese government has set a goal to increase gas-fired power generation to 50% by 2025, as part of its commitment to achieving transition to clean energy. This project will ensure a stable natural gas supply with 720 tons per hour, which is enough to meet the demand of gas-fired power generating units 1 & 2 at Taichung Power Plant, as well as units 4, 5 & 6 at Tunghsiao Power Plant.

CTCI Corporation will carry out detailed design, procurement and supply of materials, construction and installment, pre-commissioning, commissioning, and one-year operation and maintenance service in this EPCC contract.

This award demonstrates huge success for CTCI in domestic LNG receiving terminal projects, as earlier this year CTCI Corporation was awarded an approximately NT$18.3 billion (US$623 million) EPCC contract to build CPC’s Third LNG Receiving Terminal at Guantang Industrial Area, Taoyuan.

CTCI Corporation has been working with CPC on LNG receiving terminal projects since 1984, later extending its experiences to Mainland China, India, and Thailand markets.

In terms of strong and proven track records for EPC works in Taiwan and the international market, CTCI is a reliable and preferred partner for power, hydrocarbon, and LNG EPC projects. It supports Taiwanese government’s clean energy policy by proactively taking part in renewable energy sectors, such as solar, wind, and biomass.

Source: CTCI Corporation

ADNOC Onshore announced the award of two EPC contracts with a combined value of $245 million to upgrade Main Oil Lines and Jebel Dhanna Terminal

ADNOC Onshore, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced today, the award of two Engineering, Procurement, and Construction (EPC) contracts to upgrade two Main Oil Lines (MOLs) and crude receiving facilities at the Jebel Dhanna Terminal in the Emirate of Abu Dhabi.

The EPC contracts have a combined value of around $245 million (AED 899.9 million) and were awarded to China Petroleum Pipeline Engineering Company Limited – Abu Dhabi and Abu Dhabi-based Target Engineering Construction Co. L.L.C.

Over 50 percent of the total award value will flow back into the UAE’s economy under ADNOC’s In-Country Value (ICV) program, underscoring ADNOC’s drive to prioritize ICV as it invests responsibly and pursues smart growth to maximize value from its assets and deliver sustainable returns to the United Arab Emirates (UAE).

Yaser Saeed Almazrouei, Executive Director of ADNOC’s Upstream Directorate, said: “The EPC contracts awarded by ADNOC Onshore will increase the capacity of the two main oil lines and upgrade the Jebel Dhanna Terminal to enable it to receive Upper Zakum and Non-System crude for delivery to the Ruwais Refinery West project. The awards follow a very competitive tender process and highlight how ADNOC is making smart investments to optimize performance and unlock greater value from our assets. Crucially, a significant portion of the awards will flow back into the UAE’s economy under ADNOC’s ICV program, reinforcing our commitment to maximize value for the nation as we create a more profitable upstream business and deliver our 2030 strategy.”

The EPC contract awarded to China Petroleum Pipeline Engineering Company Limited – Abu Dhabi is valued at approximately $135 million (AED 496.8 million) and the scope is to replace the two MOLs which transport ADNOC’s premium grade Murban crude oil from its oilfields at Bab (BAB), Bu Hasa (BUH), North East Bab (NEB), and South East (SE) to Jebel Dhanna terminal, increasing the capacity of the pipelines by over 30 percent.

The contract is expected to be completed in 30 months and will see over 45 percent of the award value flow back into the UAE’s economy under ADNOC’s ICV program.

The EPC contract awarded to Target Engineering Construction Co.L.L.C. is valued at approximately $110 million (AED 403.7 million) and will see the contractor upgrade the crude receiving facilities at the Jebel Dhanna Terminal, enabling ADNOC to utilize parts of the terminal’s existing facilities to import Upper Zakum (UZ) crude oil from offshore and Non-System (NS) crude, for delivery to the new Ruwais Refinery West (RRW) project, located approximately 12 kilometers to the east of Jebel Dhanna terminal.

This ability to import other grades of crude at Jebel Dhanna following the completion of the project will provide ADNOC greater flexibility, highlighting how the company is extracting value from every barrel of crude it produces. The terminal was originally conceived and operated as a Murban crude oil export facility since its inception in the 1960s.

The contract is expected to be completed in 20 months and will see over 60 percent of the award value to Target Engineering flow back into the UAE’s economy under ADNOC’s ICV program.

As part of the selection criteria for the awards, ADNOC carefully considered the extent to which bidders would maximize ICV in the delivery of the project. This is a mechanism integrated into ADNOC’s tender evaluation process, aimed at nurturing new local and international partnerships and business opportunities, fostering socio-economic growth, and creating job opportunities for UAE nationals. The successful bids by the two contractors prioritized UAE sources for materials, local suppliers and workforce.

Source: ADNOC Press Release

L&T Construction awarded Contracts for its Power Transmission & Distribution Business

L&T’s Power Transmission & Distribution Business has won a prestigious package to establish transmission lines and substations associated with a major infrastructure project in Telangana. The scope of the package involves establishing three new 400 kV Substations with Reactors, associated bay extensions at connected substations and more than 170 km of 400 kV Transmission Links, on a turnkey basis.

Another order has been secured from Konkan Railway Corporation Limited to provide Electrical & Mechanical Systems for two tunnels in the Katra Dharam section of the Udhampur Srinagar Baramulla rail link project. The scope of the package involves 33 kV & 11 kV HT power cable network, GIS substation, DG sets, tunnel lighting, ventilation & firefighting systems, and SCADA system.

A Power Distribution package to replace bare conductors with Aerial Bunched Cables has been received from North India. Additional orders have been received from ongoing transmission line projects. In Oman, the business has bagged a package to construct 400 kV Overhead Lines connecting three Grid Stations.

These high capacity transmission lines will interconnect three major transmission systems to improve dispatch coordination and grid security. These will also enhance access to areas with renewable energy potential and enable reserves sharing. A repeat order has been received from a reputed client in the Middle East.

Source: Larsen & Toubro Press Releases

KBR Wins $75M Contract to Enhance Navy Bases in Djibouti, Africa

KBR has been awarded a $75 million recompete contract by Naval Facilities Engineering Command Europe Africa Central to enhance infrastructure at multiple bases in Djibouti, Africa.

Under this five-year, indefinite-delivery/indefinite-quantity contract, KBR will provide engineering, design, construction, renovations, repairs, maintenance, demolition and other services at both Camp Lemonnier, and its associated Chabelley Airfield.

This work complements KBR’s premier base operating support throughout Africa. Notably, the company has provided base operating support services at Camp Lemonnier since 2013, with work in the region dating back to 2002.

While performing key services in Africa, the KBR team has achieved more than 25 million hours without a lost-time safety incident, a salute to KBR’s commitment to sustainability and safety.

Source: KBR Press Release

Elsewedy Electric signs new EPC contract to build a substation with EGP 355.5 Million in Sadat City, Egypt

Elsewedy Electric the leading wires & cables and Integrated Energy Solution Provider in the Middle East and Africa, announced that its subsidiary Elsewedy Electric for Trading & Distribution has signed a new contract to build a new substation with a value of EGP 355.5 Million on a turnkey basis. The EPC contract will be implemented over a 14-month period.

It is worth mentioning that Elsewedy Electric for Trading & Distribution is a pioneer company in the execution of high voltage Transmission lines for more than 1000 km with both (220 KV & 500 KV) and substation (200 KV & 500 KV) within Egypt and Africa.

Source: Elsewedy Electric

Subsea 7 awarded contract offshore Trinidad and Tobago

Subsea 7 announced the award of a sizeable contract for work offshore Trinidad and Tobago. The contract will be recorded in backlog in the third quarter.

The contract scope covers the project management, engineering, procurement, installation and pull-in of one subsea rigid flowline and flexible riser together with flexible flowlines and associated subsea infrastructure and umbilical system. Offshore installation activities are scheduled for 2021.

Source: Subsea 7

Saudi Aramco discovered two oil and gas fields in northern parts of Saudi Arabia

Saudi Aramco discovered two oil and gas fields in northern parts of Saudi Arabia, the kingdom’s official news agency reported, citing Energy Minister Prince Abdulaziz bin Salman.

Gas has started flowing from Hadabat Al-Hajara field near the Iraqi border at an average daily rate of 16 million standard cubic feet, in addition to 1,944 barrels of condensates, which are a type of petroleum that usually isn’t classified as crude oil because it’s too light. The nearby Abraq at-Tulul field has started producing 3,000 barrels a day of crude, 49 barrels of condensates and 1.1 million cubic feet of gas.

Aramco said it will drill more wells to evaluate how much energy the fields hold.

The crude finds pale in comparison to the state firm’s existing production of around 8.5 million barrels a day. But the gas discoveries could help its goal of boosting non-oil output, according to Robin Mills, founder of Dubai-based consulting firm Qamar Energy.

Source: Bloomberg

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Monthly Archives: September 2020