Saudi Aramco - Offshore Maintain Potential Programme - CRPO 114

Saudi Aramco has extensive offshore operations on its Gulf coast that includes Safaniya, the world's largest offshore oil field, as well as several large non-associated gas fields. Many of the gulf fields are mature and likely to require extensive rehabilitation over the next decade to maintain production. Every year, hundreds of new wells need to be drilled to maintain operations in shallow-water fields.

Saudi Aramco is also carrying out seismic surveys on the Kingdom's Red Sea coast. However, any potential production is still expected to be several years away.

The purpose of the MPP programme is to manage the maintenance, revamping, or expansion operations of all Aramco offshore facilities.

The expansion of Safaniyah, the world’s largest offshore oilfield, is at the heart of Aramco’s capacity expansion programme, which is eyeing oil production capacity of 13 million barrels per day from its domestic assets by 2027.

Along with the new CRPOs, Aramco is currently tendering for 10 separate LTA projects involving Safaniyah, touted to be worth upwards of $10 billion combined.

---