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Dammam field, first tapped in 1938, the oldest oil field in Saudi Araba, shut down in the 1980s due to low demand. At 2008, Saudi Aramco plans to upgrade its aging onshore Dammam oil field to produce 100,000 barrels a day of crude at an estimated cost of $1.2 billion. Companies such as Foster Wheeler Ltd., KBR Inc., SNC-Lavalin Group Inc. and WorleyParsons Ltd. are likely to be interested in bidding for the concept study. The latest plans for the Dammam scheme are emerging amid a three-month slump in crude oil prices by about $70 from a record high of above $147 a barrel in July.