Aramco, Sinopec Ink Deal for Marjan Field Pipelines

Aramco, Sinopec Ink Deal for Marjan Field Pipelines

Saudi Aramco has signed an agreement with Sinopec Engineering Incorporation, a subsidiary of China Petroleum & Chemical Corporation (Sinopec), for two pipeline projects at the Marjan oilfield, Reuters reported.

The deal includes pipeline engineering projects in the Tanajib and Ras Tanura regions of Saudi Arabia.

This comes in line with Aramco’s efforts to increase production capacity at Marjan and Berri fields by 550,000 barrels per day (b/d) of Arabian crude oil and 2.5 billion standard cubic feet per day (bscf/d) of gas.

The world’s largest oil company has also awarded Saipem two contracts worth $3.5 billion for developing gas projects, as part of the $18 billion development investments that focus on the two fields increment programs.


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