Saudi Aramco Eyes Major Offshore Activities

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Researched by Industrial Info Resources (Sugar Land, Texas)--With major offshore field expansion and life extension projects, Saudi Aramco (Dhahran, Saudi Arabia) aims to increase its crude oil capacity by 1 million barrels per day (BBL/d) to reach 13 million BBL/d over the next five years.

The company is targeting multimillion-dollar investment in projects across numerous offshore fields such as Zuluf, Berri, Safaniyah and Abu Safah, which are yet to be awarded. These, along with yet-to-be announced projects, are part of the oil and gas major's goal. Activities include production facility modifications, production deck module additions and infield pipelines. Contractors who are bidding for the projects include McDermott International Limited (Houston, Texas), Larsen & Toubro (Mumbai, India), National Petroleum Construction Company (Abu Dhabi, United Arab Emirates), TechnipFMC plc (NYSE:FTI) (Houston), Lamprell Plc (United Arab Emirates) and Saipem (San Donato Milanese, Italy).

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