Saudi Aramco Relaunches Tenders for $10B Manifa Oil Project


Manifa Field
(Click to Enlarge)

DUBAI (Dow Jones Newswires), November 17, 2008

Saudi Arabian Oil Co., Aramco will again invite companies to bid for contracts to develop the Manifa oilfield after it canceled a contract with Snamprogetti, Saudi-based Al Riyadh daily reports Monday.

Aramco decided to re-launch its major projects after the decline in raw materials prices, including steel, cement by 40%, the paper reports, citing a contractor.

The project is part of the estimated $10 billion Manifa development program, Aramco's largest-ever offshore project and aims to add 900,000 b/d of Arabian Heavy crude production by mid-2011.

Snamprogetti, part Saipem will be invited to bid again for the project along with Bechtel, Technip and Foster Wheeler.  

Copyright (c) 2008 Dow Jones & Company, Inc.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Lab Technician
Expertise: Production Engineering
Location: California, 
 
Drilling Engineering Manager - Delaware Basin
Expertise: Drilling Engineering|Drilling Manager|Engineering Manager
Location: Midland, TX
 
United States Williston: Engineer - Cementing
Expertise: Cementing|Petroleum Engineering
Location: Williston, ND
 
search for more jobs

Brent Crude Oil : $55.14/BBL 0.61%
Light Crude Oil : $49.48/BBL 0.86%
Natural Gas : $3.12/MMBtu 0.95%
Updated in last 24 hours