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2018-09-07 12:01:00

SAUDI ARAMCO TENDER $6 BLN

SAUDI ARAMCO TENDER $6 BLN

MEOG -Saudi Aramco put $6 billion Berri oilfield up for tender, including the expansion of the Berri offshore oilfield, which produces between 250,000 to 300,000 bpd, as well as the expansion of the Berri gas plant in Jubail.

Saudi Aramco's Berri offshore oilfield development is up for tender, according to two posts made by the company on Abu Dhabi-based tender site ProTenders on August 31, 2018.

"The scope of the contract covers 10 oil production deck modules (PDM) each weighing around 1,500 tonnes, a PDM for water injection, a tie-in platform and around 100 km of subsea pipelines," notes the project description for Aramco's Berri Offshore Oilfield Increment Programme.

The listing continues to describe several packages within the project, including gas plant expansion, gas-oil separation units and offshore jackets installation. Another listing on Ventures Onsite noted the project scope included 9 jackets.

The Berri field, which is partly onshore and partly offshore, has reserves of more than 15 billion barrels and will be able to produce an additional 250,000 barrels of crude oil per day at project completion, according to Saudi Aramco's post on ProTenders. It currently produces betwen 250,000 and 300,000 bpd.

It has 11 oil-bearing reservoirs producing Arabian light and extra light crude oil, and low-pressure gas would be transferred to the Berri gas plant in Jubail, according to the ProTenders listing. The Berri gas plant in Jubail is also being expanded and the project up for tender, according to another post by the company on ProTenders.

"The project includes construction of a large gas processing facility for a gas plant expansion to treat associated high and low-pressure gas from the Berri offshore oil and gas field. Upon completion, the additional unit will have a capacity of 250,000 barrels of oil per day (BPD). The project will also include the construction of additional facilities at the Khursaniyah gas plant that will process 40,000 barrels of condensate hydrocarbon per day (BPD)."

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Earlier:

 W.Asia
2018, September, 5, 10:55:00

SAUDIS OIL PRICE: $70 - $80

REUTERS - “The Saudis need oil at about $80 and they don’t want prices to go below $70. They want to manage the market like this,” one of the sources told.

 

 

 W.Asia
2018, September, 3, 15:20:00

OIL CONFORMITY LEVEL: 109%

OPEC - The JMMC noted that countries participating in the “Declaration of Cooperation” have achieved a conformity level of 109% in July 2018, which shows significant progress towards the goal set at the 4th OPEC and Non-OPEC Ministerial Meeting of 23 June 2018, which followed and endorsed decisions taken at the 174th Meeting of the OPEC Conference convened on 22 June 2018.

 W.Asia
2018, September, 3, 15:15:00

SAUDIS OIL PRODUCTION: 10.4 MBD

PLATTS - Saudi Arabia will report August crude oil production of 10.424 million b/d, an OPEC source told S&P Global Platts on Friday. The figure represents a 136,000 b/d increase from July, when Saudi Arabia, OPEC's largest producer and the world's largest crude exporter, self-reported production of 10.288 million b/d.

 W.Asia
2018, August, 29, 10:05:00

SAUDI ARAMCO NEW CONTRACT

FT - Saudi Arabia has cut the length of time that its state energy company has exclusive rights to the kingdom’s vast oil and gasfields, raising questions about Saudi Aramco’s long-term production and revealing a power struggle between the company and the government.

 W.Asia
2018, August, 24, 11:25:00

SAUDI ARAMCO IPO

ARAB NEWS - The Government remains committed to the IPO of Saudi Aramco at a time of its own choosing when conditions are optimum. This timing will depend on multiple factors, including favorable market conditions, and a downstream acquisition which the Company will pursue in the next few months, as directed by its Board of Directors.

 

 W.Asia
2018, August, 20, 14:15:00

SAUDI ARAMCO: THE GLOBAL LEADER

SAUDI ARAMCO - 2017 highlights: Produced an average of 10.2 million barrels per day of crude oil including condensate Increased amount of natural gas supplied for fourth straight year, to an average of 8.7 billion standard cubic feet per day Crude oil exports averaged 6.9 million barrels per day

 W.Asia
2018, June, 29, 10:00:00

NOV - ARAMCO COOPERATION

NOV - National Oilwell Varco, Inc. (NYSE: NOV) today announced the signing of an agreement with Saudi Aramco to form a joint venture in the Kingdom of Saudi Arabia. Through its state-of-the-art manufacturing and fabrication facilities in the Kingdom and NOV’s market-leading drilling technologies, the joint venture will provide high-specification land rigs, rig and drilling equipment and offer certain aftermarket services.

 

 

Tags: SAUDI ARAMCO, BERRI

Chronicle:

SAUDI ARAMCO TENDER $6 BLN
2018, October, 17, 10:10:00

SAUDI - INDIA'S DOWNSTREAM

MEOG - Judaimi highlighted that the closer cooperation between Saudi Aramco and Indian energy entities is reflected in the partnership with RRPCL and ADNOC on the Ratnagiri mega-refinery and petrochemicals complex in Maharashta this year. He noted that nearly $2 billion in material-service sourcing with Indian companies to date; and the opening of the Aramco Asia India office in 2017.

SAUDI ARAMCO TENDER $6 BLN
2018, October, 17, 10:05:00

U.S. IN EUROPE

REUTERS - The United States must not determine European energy policy or decide whether Germany buys Russian gas, a top German diplomat said on Tuesday.

SAUDI ARAMCO TENDER $6 BLN
2018, October, 17, 10:00:00

TOTAL IN RUSSIA: THE LARGEST

FT - “Total has great ambition in this country, we want to be the largest foreign oil and gas player here,” the company’s chief executive Patrick Pouyanné said on Monday at the launch of a factory outside Moscow. 

SAUDI ARAMCO TENDER $6 BLN
2018, October, 17, 09:55:00

PETROBRAS - CNPC COOPERATION

PLATTS - Petrobras is to form two joint venture companies with China National Petroleum Corp. (CNPC) to complete construction of a refinery and revitalize four mature fields in the offshore Campos Basin, the state-owned Brazilian company said

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