Aramco delays bid process for $6Bn-plus expansion deals

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Click on the top to follow us Saudi Aramco has delayed the bid submission, at least by two months, for four offshore engineering, procurement, construction and installation (EPCI) packages for its multibillion-dollar Zuluf oilfield redevelopment project. The Zuluf crude oil incremental project is crucial to Aramco’s ambition to maintain its 12 million barrels per day (bpd) production capacity, and is expected to process 600,000 bpd of crude oil through a central facility by 2026. The Saudi state giant has been treading cautiously on big-ticket developments following the kingdom’s mandate this year to halt the expansion of its oil production capacity beyond 12 million bpd, but continues to press ahead on crucial expansion projects. For more information, please scan the QR code！ ………………………………