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E & P News

2016

Apr 2016: Saudi Aramco will complete the expansion of its Shaybah oil field near the border with the UAE to 1 mm bbls per day capacity of 42 degree API oil (from 750,000 bbls per day). It also plans to complete the expansion of the Khurais oil field to 1.5 mm bbls per day in 2018.

Mar 2016: Saudi Aramco has started producing natural gas from its Hasbah gas field in the Arabian Gulf. The field will, together with Arabiyah field, produce up to 25 bcm each year of gas through the Wasit Gas Plant. The Hasbah and Arabiyah fields are 150 kms northeast of Jubail Industrial City.

2015

Jul 2015: Saudi Arabia has  raised oil output to the highest level on record. It reported crude oil production of 10.6mm bbls per day in June.

May 2015: Saudi Aramco discovered 8 oil and gas fields in the east of the country in 2014. There were 5 gas fields (Abu Ali, Faras, Amjad, Badi and Faris), 2 two oil fields (Sadawi and Naqa) and 1 oil and gas field (Qadqad). This brings the number of discovered fields in the country to 129.

May 2015: The Wafra onshore oilfield in the Neutral Zone will now be shut for maintenance for 2 weeks to give time to resolve issues at Wafra and Khafji.

Apr 2015: Chevron plans to shut down the Wafra onshore oilfield in the Neutral Zone between Saudi Arabia and Kuwait. The oil output from the offshore Khafji field, also in the Neutral Zone, was halted in 2014 to comply with environmental regulations.

Feb 2015: A heavy lift barge completed the installation of the Hasbah tie-in platform (TP) as part of the ongoing work to complete the Arabiyah-Hasbah Offshore Gas Fields Project in the Arabian Gulf which will produce through the Wasit Gas Plant when completed.

Jan 2015: Saudi Aramco has put on hold its deep water exploration and drilling activities in the Red Sea because of high costs. The company will renegotiate some contracts and postpone some projects. The company will continue investing in key projects such as  spending US$7 bn on unconventional gas.

2014

Nov 2014: The country will attempt to double its natural gas output by 2030, using it all for domestic demand including in power generation and water desalination. The country does not plan to export its gas .

Oct 2014: Oil production from the Khafji oilfield, jointly owned by Saudi Arabia and Kuwait in the Neutral Zone, has been shut down to comply with environmental regulations. The field was producing around 300,000 bbls per day (GS notes: this may be in response to lower oil prices and unilateral price cuts by Saudi Arabia).

Jul 2014: Shell is ending investment in the Kidan gas development in its South Rub al-Khali Co (SRAK) project, partnered  with Saudi Aramco. ENI, Repsol and Total have already abandoned the search for gas deposits in the Empty Quarter. Kidan is rich in sour gas and is near the 750,000 bbls per day Shaybah oilfield but achieving commerciality is a challenge.

2013

Oct 2013: Saudi Aramco, will increase output of light sour crude from the Shaybah and Khurais fields by 550,000 bbls per day in 2017 compensating for a decline in production from the older fields and reducing reliance on heavy crude from the newly developed Manifa field. The expansion, firstly from Shaybah, should be completed by the end of 2017.

Apr 2013: Aramco announced the first phase production start-up at the Manifa field. Production capacity is planned to reach full design capacity of 900,000 bbls per day of Arabian Heavy oil by the end of 2014. The Manifa field includes land rigs linked by causeways and bridges in Manifa Bay. It will supply a new 400,000 bbls per day refinery run by Aramco and Total at Jubail and an Aramco joint venture refinery with Sinopec in Yanbu, on the Red Sea coast.

Mar 2013: Saudi Arabia will begin exploratory drilling for unconventional gas to meet rising domestic demand while maintaining oil exports. However there is no forecast of how quickly Saudi Arabia might achieve commercial production or how it will supply the water used in hydraulic fracturing. Saudi Arabia has not managed to increase gas production enough to replace oil as feedstock in petrochemical and electricity generating projects. Sales gas output from  Aramco averaged around 100 bcm in 2011.

2012

Oct 2012: Saudi Aramco has launched reservoir water injection at the offshore Manifa field in preparation for first-phase production of Arabian heavy crude in 2013. Initial output of up to 500,000 bbls per day will gradually increase to 900,000. Manifa’s oil will supply refineries under construction, comprising Satorp in Jubail, a joint venture with Total, Yasref in Yanbu (with Sinopec) and a future Jazan refinery.

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