Saudi Aramco has agreed to a slate of oil and gas megaprojects, including new pipelines, gas plants and offshore oil fields, valued at nearly $4.5 billion.
Eight agreements were signed with several oil and gas service contractors to expand gas production and localise domestic content.
These projects include the Free Flow Pipeline Contract, which allows for an early start of the Haradh Gas Increment Programme. It comprises the installation of around 450 kilometres of pipeline network by early 2019. Another project comprises the facilities to process 600 MBCD of Arab heavy crude oil from Zuluf offshore field. This includes water injection and oil wellhead platforms, tie-in platforms, trunk lines and flowlines in addition to new processing facilities.
The crude will then be transported to Ju’aymah terminal via new downstream pipelines. The separated gas and condensate streams will be transported to the proposed Tanajib Gas Plant via new pipelines.
Amin H. Nasser, Saudi Aramco president and CEO, says: ‘These agreements we signed are part of our natural gas expansion, as we add about one billion standard cubic feet per day.
‘These new supplies will help reduce domestic reliance on liquid fuels for power generation, enable increased liquids exports, provide feedstock to petrochemical industries, and reduce carbon emissions.