Background
To meet its future export requirements and be capable of achieving a totally diversified petroleum industry, Saudi Arabia needed to increase its total oil production capacity to 10 million b/d.As a result, Saudi Arabia has expanded and updated the northern oil fields.Marjan oil field is also as part of the expansion project.Saudi Aramco had begun the process of issuing an EPC project order worth as much as USD 3.5 billion for its expansion project at the Marjan offshore and onshore oilfield in February 17,2017.WorleyParsons was awarded the project management and front end engineering and design (FEED) services for the offshore oil and gas facilities portion and the onshore upstream and downstream pipelines portion of Saudi Aramco’s Marjan Oil Field Development Program.After that,Saudi Arabian Oil Co.(Saudi Aramco) was expected to launch in July,2018 a tender to build facilities as part of its Marjan oilfield expansion plans.Aramco has started the chase for a series of onshore engineering, procurement and construction packages related to its Marjan incremental development project, expected to be worth billions of dollars.Several leading heavyweight international onshore contractors, including UK-listed Petrofac, South Korea's Hyundai E&C, GS E&C, SK E&C and Samsung, Canada's SNC Lavalin, Indian engineering giant Larsen & Toubro, Japan's JGC, Italy's Tecnimont and Saipem, China's Sinopec, Taiwan's CTCI, UK-based TechnipFMC, Spain's Tecnicas Reunidas and Japan's JGC are expected to show interest in the new Marjan project, sources suggested. Others could also join the list.
Brief Introduction
The Marjan complex on the east coast of Saudi Arabia has four offshore bases - Marjan, Lawhah, Maharah and Hamur.Marjan oilfield is the largest of the four.The oil field extends to the Iran sea area. The field extends into Iranian waters where it is known as Foroozan Oil Field.Although Iran also contains a lot of oil, most of its oil reserves are in Saudi Arabia.Marjan was first discovered in 1967, it contained an estimated 2.31 billion barrels of crude.
Expected workload
The project calls for an expansion of the Marjan oil field located in Saudi Arabia. The project includes an offshore oil platform and wells, and may also include an onshore gas compression plant. The new offshore facilities such as platforms and additional pipelines to link to a new gas facility in Tanajib on the Gulf coast, and from Tanajib to the expanded natural gas liquid (NGL) facility in Khursaniya.
Company behavior
2017.7.18-WorleyParsons has been awarded the project management and front end engineering and design (FEED) services for the offshore oil and gas facilities portion and the onshore upstream and downstream pipelines portion of Saudi Aramco’s Marjan Oil Field Development Program.Under the agreement, WorleyParsons will provide project management and FEED services.
2018.1.26-US-based firm McDermott International has secured an engineering, procurement, construction and installation (EPCI) contract from Saudi Aramco for the Zuluf, Marjan, Berri and Abu Safah fields, offshore Saudi Arabia.Under the contract, McDermott will provide 13 jackets in the fields with a combined weight of 24,000mt.
2018.2.4-Saudi Arabian Oil Co.(Saudi Aramco) is expected to launch in July a tender to build facilities as part of its Marjan oilfield expansion plans, Reuters reported, citing industry sources.International engineering and construction firms have expressed interest in bidding to build the facilities at Marjan oilfield, where the expected cost of development is more than $10 billion.
2018.2.8-Saudi Aramco has started the chase for a series of onshore engineering, procurement and construction packages related to its Marjan incremental development project, expected to be worth billions of dollars.Several leading heavyweight international onshore contractors, including UK-listed Petrofac, South Korea's Hyundai E&C, GS E&C, SK E&C and Samsung, Canada's SNC Lavalin, Indian engineering giant Larsen & Toubro, Japan's JGC, Italy's Tecnimont and Saipem, China's Sinopec, Taiwan's CTCI, UK-based TechnipFMC, Spain's Tecnicas Reunidas and Japan's JGC are expected to show interest in the new Marjan project.