Production is set to reach 900,000 barrels a day by 2015
Value: $9.3bn
Saudi Aramco has known about the offshore Manifa oil field for decades, but due to the high sulphur content of the oil and gas, it only started development in 2009.
Initial production came from the field located off the coast of the Eastern Province in early 2013. Manifa will eventually produce 900,000 barrels a day (b/d) when fully operational, as well as 120 million cubic feet a day of natural gas.
The offtake will not increase the kingdoms 12.5 million b/d crude oil capacity, but will instead alleviate production pressure on existing onshore fields that are maturing.
Key dates | |
---|---|
Jun 2006 | Saudi Aramco announces the development of the Manifa field |
Jan 2007 | Engineering, procurement and construction contracts begin to be awarded |
Oct 2013 | All works expected to be completed |
Source: MEED |
The $9.28bn project has included the construction of 27 man-made islands in shallow waters. The developments will serve as platforms for wells at the field. A causeway as well as onshore facilities have also been built, which will process the sulphur-rich crude from Manifa.
The crude is also expected to feed Aramcos new oil refineries at Jubail and Yanbu. Both have been built with the ability to handle heavier and more sulphur-rich crude types.
You might also like...
Ruwais LNG full EPC award expected in June
29 March 2024
PIF entity makes $1bn Lucid placement
29 March 2024
Petro Rabigh awards KBR maintenance contract
29 March 2024
Diriyah Company seeks firms for demolition work
29 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.