The giant state-owned company 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.

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.

Moreover, Saudi Aramco was seeking bids for a “wide-azimuth” seismic survey in the Red Sea slated for September start up, Reuters reported.

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