Aramco extends bids for Shaybah NGL project
Riyadh, November 10, 2010
Saudi Aramco has agreed to extend the closing date for bidding for the construction of the Shaybah natural gas liquids (NGL) project, industry sources said on Wednesday.
Shaybah NGL is one of two new gas projects the state oil giant plans to develop to boost gas output and meet rising domestic demand.
Aramco completed last year a massive crude oil expansion programme which included increasing capacity at Shaybah oilfield to 750,000 barrels per day (bpd).
The other gas plant, Wasit would be the kingdom's largest.
Engineering firms submitted their bids last week for Wasit.
US engineering firm KBR Inc is conducting engineering and design work and provides project management services for the Shaybah plant.
Bidding for the three process packages has been extended to December 29 from an original December 4 deadline upon the request of bidders.
"I think it is not enough, they (bidders) are expecting bidding to be (extended) to end of January," a source told Reuters.
Bidding for a cogeneration plant related to the plant was due on November 22 but was also extended to December 29, sources said.
Shaybah NGL, expected to be completed in the fall of 2014, is designed to process 2.4 billion cubic feet per day (cfd) of low-sulphur sweet gas and extract 264,000 bpd of NGL which will be shipped to the Juaymah Gas Plant for further fractionation.
Aramco has given no cost estimate for the project but industry sources said it was estimated to cost $5 billion-$6 billion.
The project calls for the construction of a cogeneration facility, a gas treatment facility, an NGL recovery plant and facilities to handle gas.
Aramco plans to raise NGL production to about 1.2 million barrels per day (bpd) in 2015 from 937,000 bpd in 2010, its chief executive officer, Khalid Al-Falih said in April. - Reuters
More Energy, Oil & Gas Stories
- Total unit inks Elf Lubricants agreement
- Opec raises forecast for 2014 global oil demand
- Mitsui joins DME as trading member
- GE Power Conversion wins major SEC order
- Basra Light crude exports to rebound in April
- Aramco to produce unconventional gas for projects
- Alstom opens smart grid centre in Dubai
- Experts discuss key geosciences issues
- Egypt to permit factories to use coal for energy
- ME oil, gas transaction value up 15pc
- Victrex to showcase new product in Paris
- Aramco JV puts off giant refinery overhaul to 2015
- Libya threatens to bomb N Korean tanker
- Bahrain 'producing 850MW of surplus power'
- 2,000 experts for Bahrain geosciences summit
- Libyan rebels start oil exports, bypassing govt
- Dubai drilling company set for London IPO
- Opec output soars on higher Iraq exports
- S Korea to pay Iran $550m under nuke deal
- Qatar LPG exports will stay unchanged till 2018
- $14bn Bahrain energy sector focus for summit
- Iraq now world's fastest-growing oil exporter
- Old IT systems pose risk to oil firms
- Thomson Reuters adds commodity monitoring tool
- Oil below $90 to hit GCC economies
- GlassPoint appoints new Oman director
- Sheffield company opens Dubai hub
- Oman targets big rise in gas output
- Intertek buys UAE firm for $66m
- Qaiwan to tender Baizan refinery EPC contract