Advertisment Aramco Plans to Boost Oil Capacity by 550,000bpd in Q4 | Iran Energy News Skip to main content
IRAN Energy News Agency
Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil, Gas, Petrochemical and Energy Field Specialized Channel

Aramco Plans to Boost Oil Capacity by 550,000bpd in Q4

The capacity of the giant Khurais oil field will be expanded by between 250,000 bpd and 300,000 bpd.

State oil giant Saudi Aramco is expected to pick up an additional 550,000 bpd of oil production capacity from two major oil fields in the fourth quarter, so it would be able to increase production if there’s demand, said a report.

 

If Aramco does manage to bring that capacity online, it could give Saudi Arabia another half a million barrels of oil per day of spare capacity at a time when the oil market is expected to tighten with Iranian oil barrels coming off the market with the return of the US sanctions in early November, reported Reuters, citing a source.

 

The capacity of the giant Khurais oil field will be expanded by between 250,000 bpd and 300,000 bpd, to reach 1.5 million bpd, said the report. 

 

Another 300,000 bpd of capacity will come from the Manifa oil field, which has a current capacity of 900,000 bpd, although this field has pumped at a reduced rate in past months because of a pipeline issue that is now said to be resolved, it added.

Join us on Telegram Channel."Energy Today"
Google +
Twitter
Facebook
Google Translate
Instagram
Digg
Telegram
Blogger
Linkedin
Pinterest

Add new comment

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Fill in the blank.
49