Saudi Aramco Eyes 550,000 B/D Expansion
State-oil firm Saudi Aramco will add 550,000 b/d of production capacity at its currently-producing Khurais and Shaybah fields by 2017, CEO Khalid al-Falih announced on 5 March. These are the first major upstream expansion announcements for over six years and come as Aramco eyes the finishing line on its most recent upstream project, the 900,000 b/d offshore Manifa field development.
The increments are a...