Saudi Aramco to Explore in Red Sea's Deep Waters

State oil giant Saudi Aramco is planning to explore in deeper offshore areas of the Red Sea on a search for new energy treasures in the next two years, Zawya Dow Jones reported Tuesday, citing pan-Arab daily Asharq Al Awsat.

According to the company's president, Khaled Al Falih, Saudi Aramco is considering a partnership with mainly state-owned Saudi Arabian Mining Co., or Maaden, for a better use of the newly discovered Jalamid gas field in the northern part of the country, the report noted.

Additionally, Reuters reported on Monday that Saudi Aramco was seeking bids for a "wide-azimuth" seismic survey in the Red Sea slated for September start up.

Sources divulged to Reuters that Norway's PGS, WesternGeco, Fugro NV and CGGVeritas were expected to submit bids for the tender in two weeks.