Gulf Oil and Gas accountACCOUNT

Aramco: Gas Venture with Russia's Lukoil Announced

Source: www.gulfoilandgas.com 1/26/2004, Location: Middle East

DHAHRAN, January 26, 2004 -- Saudi Aramco announced today that it will be partnering with Russian oil company Lukoil to find and develop gas reservoirs, as part of the Kingdom of Saudi Arabia's Upstream Gas Offering. The exploration activities will take place in a 30,000 square kilometer area in the Kingdom's Rub' Al-Khali Basin.

Earlier today, Ali I. Al-Naimi, the Minister of Petroleum and Mineral Resources, announced that Lukoil had won the bid for the 30,000 square-kilometer region, dubbed Contract Area A, of Saudi Arabia's Upstream Gas Offering. To explore Contract Area A, Lukoil and Saudi Aramco will establish an exploration and producing company, with Saudi Aramco as 20 percent shareholder.

Bidding for Contract Areas B and C will take place on January 27 and 28, respectively. Bid winners will be announced after bid evaluation concludes on Wednesday, January 28.


Gas Processing >>

Gas Processing News in Saudi Arabia >>

Russia >>  8/5/2019 - As part of the Eastern Gas Program, the Amur Gas Processing Plant (GPP) construction project is moving forward at a fast pace. The huge facility near ...
Australia >>  7/31/2019 - McDermott International and Baker Hughes, a GE company (BHGE) have been awarded contracts to provide a joint URF and SPS solution for the INPEX-operat...

South Africa >>  7/29/2019 - Algeria –having just announced “fuel self-sufficiency” – is the latest African oil-and gas-producing country to confirm its attendance at the 26th Afr...
Benin >>  7/24/2019 - Total, the Republic of Benin and the Societe Beninoise d’Energie Electrique (SBEE) have signed the Gas Supply Agreement and the Host Government Agreem...

Related Categories: Deodorization system  Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 

Related Articles: Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 |

Oil & Gas Projects in Saudi Arabia >>

More News

Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.