Saudi Arabia’s state oil producer Saudi Aramco is expected to launch a construction tender later this year covering expansion work at one of its major oilfields.
The proposed expansion of Aramco’s Marjan oilfield has been mooted to cost more than US$10 billion, with several international engineering and construction firms already expressing an interest in bidding for the work.
Aramco is looking to increase the capacity of Marjan by 300,000 barrels per day (bpd) of Arab medium crude. Current production stands at around 500,000 bpd.
The oil giant will also hold another tender for the Berri oilfield expansion, which is expected by the third or fourth quarter of 2018, according to industry sources.
Following on from the tender period, both construction packages are expected to be awarded next year with the works set to be completed by 2022.