Capex Data
Saudi Aramco will spend as much as $45.3 billion between 2007 and 2011 as part of an investment program that will see crude oil production capacity increase by almost a third and refining capacity by about 35%.
The largest part of its capital expenditure program, worth $26.6 billion, will be spent on expanding crude production capacity by 2.95 million barrels a day to more than 12 million b/d by the end of 2011.
The remainder of the expenditure program, $18.7 billion, will flow into the development of natural gas, natural gas liquids and ethane resources, and into refining, exploration, shipping and support.
Under the investment program, Aramco will add crude capacity from five fields - Khursaniyah, Shaybah, Nuayyim, Khurais and Manifa - which will add a total of 2.95 million b/d over the next four years.
The next field to come on stream will be Khursaniya by the end of 2007, while the largest capacity addition will come from the Khurais field development, which will add 1.2 million b/d by mid-2009.
Aramco's worldwide refining capacity will increase by more than a third to six million barrels in the next five years, Al-Tunisia said.
Investments into the downstream sector will include the Ras Tanura integrated refining and petrochemical complex, and new export refineries in Yanbu, at the Red Sea, and in Jubail, located on the Persian Gulf, that will meet product specifications in markets with stringent environmental regulations such as the U.S. and Europe.
Aramco is also working on plans to expand its existing refinery at Yanbu, one of five Aramco-owned refineries in the Saudi Arabia, Al-Tunisia said at the sidelines of the conference, without providing further details.
Future Plans
Major Project Timeline
Haradh-III Increment - Start-up Date: January 2006
Haradh is located at the southern tip of Ghawar, the world's largest onshore oil field, and produces Arabian Light crude oil. A project to increase crude oil production capacity involved the construction of three gas-oil separation plants (GOSPs), each with more than 300,000 bpd of production capacity. The first of these increments, Haradh GOSP-1, went on-stream in March 1996. The second increment, Haradh GOSP-2, was commissioned in April 2003.
• Haradh GOSP-3 Production: 300,000 bpd Arabian
Light crude oil; 140 million scfd associated gas.
Hawiyah NGL Recovery Plant - Start-up Date: Fourth quarter 2007
This plant will boost petrochemical feedstock to the industrial cities of Jubail on the Arabian Gulf and Yanbu' on the Red Sea. Increasing the supply of highvalue products from the Saudi gas sector is necessary to meet the expanding needs of the Kingdom's petrochemical industry.
• Production: 4 billion scfd sales gas;
318,000 bpd NGL.
Khursaniyah Development Program
The overall Khursaniyah Development Program includes oil production facilities, a grass-roots gas plant, two cogeneration units (each with a capacity of 150 megawatts) as well as water treatment and steam
generation facilities to serve the Khursaniyah Producing Facilities and the Khursaniyah Gas Plant.
Khursaniyah Producing Facilities - Start-up Date: December 2007
Arabian Light crude oil will be produced and treated from three fields: Abu Hadriyah, Fadhili and Khursaniyah.
• Production: 500,000 bpd Arabian Light crude oil.
Khursaniyah Gas Plant - Start-up Date: December 2007
The gas feed will include associated gas from crude production from the Khursaniyah Producing Facilities
increment and other adjacent fields.
• Production: designed to process 1 billion scfd of associated gas to produce 550 million scfd sales gas; 290,000 bpd ethane plus NGL.
Ju'aymah Gas Plant Expansion - Start-up Date: First quarter 2008
Fractionation capacity will be expanded by almost 50 percent. The plant's new module is designed to fractionate ethane and NGL streams from Hawiyah NGL Recovery Plant and Khursaniyah Gas Plant.
• Production: additional capacity of 260,000 bpd for a total of 815,000 bpd.
Hawiyah Gas Plant Expansion - Start-up Date: July 2008
This facility became operational in December 2001. It can process 1.6 billion scfd of raw non-associated gas from wells in the Ghawar field and produce 1.4 billion scfd of sales gas and 170,000 bpd of condensate.
• Production: additional capacity of 800 million scfd for a total of 2.4 billion scfd.
Nuayyim - Start-up Date: December 2008
This oil field was discovered in April 1990, in Central Saudi Arabia south of Riyadh, and produces Arabian
Super Light crude.
• Production: 100,000 bpd.
PetroRabigh Petrochemical Complex - Start-up Date: 2008
This project will transform the Rabigh Refinery into a fully integrated refining and petrochemical complex.
The facility will supply petrochemical feedstocks to new industrial clusters which will manufacture valueadded goods and products for export, further diversifying the domestic economy.
• Production: 2.5 million tons of petrochemical derivatives; high quality fuels.
Shaybah Expansion - Start-up Date: December 2008
Located deep in the Rub' al-Khali, the Shaybah facility has delivered 500,000 bpd of Arabian Extra Light crude oil since 1998. Construction of Shaybah GOSP-4 is under way.
• Production: additional 250,000 bpd Arabian
Extra Light crude oil for a total of 750,000 bpd.
Yanbu' NGL Plant Expansion - Start-up Date: December 2008
Currently, the plant has an overall fractionation capacity of 390,000 bpd. Detailed engineering design is
progressing to increase this capacity by 50 percent.
• Production: additional capacity of 195,000 bpd for a total of 585,000 bpd.
Yanbu' Gas Plant De-ethanizer Column - Start-up Date: December 2008
This project will increase ethane and NGL processing to help meet the growing demand for feedstock supply.
• Production: additional capacity of 185,000 bpd for a total of 550,000 bpd.
Khurais - Start-up Date: June 2009
The fourth-largest crude oil field in the world, Khurais is the largest integrated project in Saudi Aramco's history. This increment includes production from Abu Jifan and Mazalij fields. Associated facilities include dehydration and compression of 450 million scfd of gas, and expansion of Southern Area seawater injection capacity by 4.5 million bpd.
• Production: 1.2 million bpd of Arabian Light crude oil.
Fujian Integrated Project - Start-up Date: 2009
This proposed project, in cooperation with Fujian Petrochemical Company Ltd. and ExxonMobil, will triple the existing crude capacity of the Fujian refinery in China. The resulting petroleum products will be sold mainly through a marketing joint venture between Saudi Aramco Sino Company Limited (SASCO) (a wholly-owned subsidiary of Saudi Aramco), Sinopec and ExxonMobil.
• Production: 240,000 bpd.
• Associated facilities: Petrochemical complex.
East-West NGL Pipeline Enlargement - Start-up Date: December 2009
Capacity will be increased by 130,000 bpd to accommodate increased NGL production.
• Capacity: 550,000 bpd.
Manifa - Start-up Date: mid-2011
The fifth-largest crude oil field in the world, Manifa was originally discovered in 1957. New facilities include
25 miles (41 km) of causeway and a 1.9 mile (3 km) bridge to support 27 drilling islands, 11 offshore platforms, an onshore central oil and gas processing facility, water supply wells and injection facilities.
• Production: 900,000 bpd Arabian Heavy crude oil; 105 million scfd of sour associated gas.
Export Refineries - Start-up Date: second half of 2011
In May 2006, separate Memoranda of Understanding were signed with ConocoPhillips and Total for the development of export refineries in Yanbu' and Jubail, respectively. These refineries will be designed to refine heavy, sour crude into products that meet current and future U.S. and European specifications.
• Production: 400,000 bpd each