Saudi Aramco has started pumping oil from its giant Manifa field in the Gulf, allowing the world's biggest oil exporter to relax production from some of its mature fields onshore.
The offshore oilfield - made up of rigs on man
State oil giant Saudi Aramco plans to raise the number of drilling rigs it operates to pre-crisis levels of at least 130 by the second quarter of 2012 as it strives to maintain production capacity levels, industry sources said.
Saudi Arabia's 900,000 barrels-per-day (bpd) Manifa oilfield will reach full capacity by 2014, earlier than expected, state oil giant Aramco's 2010 annual review showed.
The company is also planning to upgrade Safaniya, the world's larges
Saudi Aramco is reviewing its $9 billion Manifa oilfield project and Saipem, a major contractor, has been told not to take on any more commitments for it, the Italian company said.
The review involving the 900,000 barrels per day offshore
Halliburton has been selected to provide a variety of oilfield services in support of the offshore portion of Saudi Aramco’s Manifa mega-project.
The Manifa project has a production target of 900 MBCD, making it Saudi Aramco’s second larg
Saudi Aramco is likley to invite firms to help develop Manifa oilfield, with a potential production of 900,000 barrels of oil a day, this month.
Aramco plans to invite prequalified companies to bid for an estimated $3 billion worth of cont