Aramco’s $100 bn gas program targets 50% production growth

Targeting 13 million bpd by 2027
Aramco’s $100 bn gas program targets 50% production growth
Marjan offshore field expansion to add billions of barrels to Aramco's reserves

Saudi Aramco’s Marjan project, with a $21 billion budget, aims to further develop its offshore oil and gas field. The Kingdom’s oil giant is aiming to increase its gas production by 50% by 2030, led by the $100 billion-plus Jafurah unconventional gas program and the expansion of some of its major offshore fields.

To achieve this target, Aramco is carrying out the expansion of some of its largest offshore oilfields, including Safaniyah, Manifa, Marjan, Zuluf, and Berri. These projects are in line with the Saudi Arabian government’s plan to boost its sustainable oil production capacity to 13 million barrels per day (bpd) by 2027, up from the existing 12 million bpd capacity.

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The Marjan field is located in the Arabian Gulf, off the eastern coast of Saudi Arabia. It is one of the largest offshore fields in the world, with estimated reserves of more than 20 billion barrels of oil equivalent. The field has been in production since the 1980s, and Aramco has been investing heavily in its development over the years.

The Marjan project aims to expand the field and increase its crude production capacity by 300,000 b/d as well as produce 360,000 b/d of ethane and natural gas liquids (NGL) by processing an additional 2.5 billion standard cubic feet per day (Bscfd) of gas produced from the field.

Of the total 32 packages, 22 packages are under execution and seven projects are in pre-execution. A gas lift package is in the bid evaluation stage.

The expansion of the Marjan field is expected to involve the installation of new platforms, pipelines, and other infrastructure to support the production of additional oil and gas from the field. Aramco has not disclosed the cost of the project or the expected timeline for completion.

Overall, Saudi Aramco’s plans to increase its gas and oil production capacity are part of the company’s efforts to maintain its position as the world’s largest oil exporter and to support the economic growth of Saudi Arabia.

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