Saudi Aramco awards deals for seismic studies

26 October 2009

BGP Arabia to gather data on Empty Quarter, Red Sea and Manifa reserves

Saudi Aramco has awarded three contracts worth a total of $300m to the local/Chinese BGP Arabia to gather seismic data on fresh gas reserves in the Rub al-Khali (Empty Quarter) and the Red Sea, and oil reserves at the Manifa field.

BGP Arabia is a joint venture of Saudi Arabia’s Rafid Group and BGP International, a division of state oil company China National Petroleum Corporation (CNPC).

A Saudi-based contractor identified BGP as the frontrunner to receive the contracts in July (MEED 24:7:09).

The first deal is to gather 2D seismic data in the Empty Quarter for four years.

This is the first seismic study in the area since Aramco launched a major exploration programme with foreign oil firms in late 2003. The 2003 programme has yet to yield any commercially viable deposits of gas.

The second contract is for a two-year 3D seismic survey at the Manifa oil field in the Eastern Province, which has been partly developed. The $11bn Manifa programme, the largest offshore oil field development undertaken by Aramco, plans to produce 900,000 barrels a day (b/d) of Arabian Heavy crude by 2011.

The third contract is for a seismic survey over 15 months in the Red Sea in water up to 1,700 metres deep. It follows an earlier two-year seismic marine survey by BGP Arabia in late 2008.

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.

Get Notifications