Saudi Aramco to invest 600 Billion Saudi Riyal till 2019.

Saudi Aramco plans to increase its investments in the oil and gas sector in the Kingdom and abroad despite the global economic slowdown in the value of crude oil. Aramco plans to spend about 600 Billion Riyal on major domestic and international investments, including the development of major oil fields in the Kingdom.

Saudi Aramco has decided to proceed with the development of a number of its major oil fields, part of an integrated oil and gas expansion. The British company Amec Foster Wheeler has won contracts to develop the Marjan marine field in the Eastern Province, north of Jubail.

Under the five-year contract, the British company will provide engineering services, design services, project management and support services for an additional 300,000-barrel-per-day gas separator. It will also provide similar services to a new gas processing facility and a dual-generation facility and to make changes to an existing unit to add the capacity of natural gas liquids.

The Hasbaa subsea gas field is connected to the gas and sorting plant number (2) in Marjan. Six gas production platforms and two platforms have been established to link the field with the computational plant, as well as a 160 km pipeline to transport approximately 2.0 billion standard cubic feet of non-associated gas. Up to 50 km of electrical wiring and communication from the gas-oil sorting plant number (2) shall be extended from Marjan to the main plant, all under sea water.

Aramco is building 17 oilfield bases in Berri and Marjan fields, supplying 9 oilfield platforms in Berri field and 8 bases in Marjan field, launching major engineering works, purchasing materials, supplies, manufacturing and transportation to implement Saudi Aramco programs, in order to develop offshore oil and gas fields in the Saudi Arabian territory of the Arabian Gulf.

“We have played a key role in many of Saudi Aramco’s major investments; the initial and the eventual ones in the realm of production,” said Nick Shorten, President of Upstream Capital Projects, Amec Foster Wheeler. The UK’s oil and gas producer operates in the realms of refining, processing and distributing derivative products, mining and energy markets, and has got 35,000 employees in more than 55 countries, with a revenue of £ 5.4 Billion by the end of 2016.