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Expansion of world's largest offshore oilfield by Saudi Aramco hit by fresh delays - Upstream Online

Upstream Online · last updated

Expansion of world's largest offshore oilfield by Saudi Aramco hit by fresh delays | Upstream Online

Saudi Aramco has further delayed the tender process for at least 10 offshore engineering, procurement, construction and installation (EPCI) contracts for the expansion of its giant Safaniyah offshore oilfield.

The multiple offshore EPCI deals for Safaniyah, the development of which is at the heart...

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Related Knowledge Center: ENERGY BASICS: petroleum

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While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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