International
110 billion dollars! Saudi Aramco wins new project in Jafurah oil field
Seetao 2021-10-20 15:06
  • This time, Saudi Aramco won the new project of Jafurah oil field to increase Saudi oil exports
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On October 20, 2021, Saudi oil giant Aramco requested the company to provide a technical and financial quotation for a desalination plant project in the Jafurah gas field, which has a production capacity of approximately 100,000 cubic meters per day.

This reflects the company's latest move in this field, which will contribute to the transition of energy to a clean economy by reducing carbon emissions. The project is expected to be subject to competition from a group of local and international companies including ACWAPower, Veolia and Suez. The date for selecting the winning bid to implement the project is expected to be late in mid-March.

The cost of the Jafurah oil field is estimated at 110 billion U.S. dollars, and the reserves are estimated at 200 trillion cubic feet. According to its official website, Saudi Aramco is expected to start production in 2024. It is expected that the company will decide on a special offer for power generation for this mega project in early December of this year. Keywords: engineering construction, engineering news

Saudi Energy Minister Abdul Aziz bin Salman said: It is expected that the oil market will be balanced by the end of 2021. 2022 is a very challenging year for OPEC+. OPEC+'s work guarantees the safety of oil supply. With the current oil price increase much smaller than that of natural gas and coal, OPEC+ needs to put oil (supply and demand) balance on the agenda in 2022. At the same time, when Saudi Energy Minister Abdul evaluated the current crisis sweeping other energy markets, he believed that the natural gas crisis highlighted OPEC+'s excellent management of the oil market, and the Organization of Petroleum Exporting Countries (OPEC)+ has achieved good results in managing oil supply. Editor/XingWentao,Design/XiaChangwang

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