Aramco names Manifa date

Saudi Arabian giant Saudi Aramco will bring the Manifa oilfield on stream in 2013, a company official said.

Aramco has slowed work at the 900,000 barrels per day development as it looks to save costs on oil and gas service contracts and as a slowdown in global oil demand makes capacity expansion less urgent.

“Sometime in 2013, it is on schedule” Aramco’s vice president of Northern area oil operations Fahad al-Moosa told Reuterson the sidelines of an energy conference in Bahrain.

Aramco delayed the start-date for the multi-billion dollar project earlier this year to 2013 from the initial schedule of 2011.

Upstream Online