Development of offshore fields is integral to Saudi Arabia's plans to maintain production capacity. Reuters
Development of offshore fields is integral to Saudi Arabia's plans to maintain production capacity. Reuters

Saudi Aramco awards Baker Hughes contract to expand Marjan field



Saudi Aramco has awarded Baker Hughes a contract to develop its Marjan field as the world's biggest oil producing company looks to ramp up production offshore by 2023.

Aramco did not disclose the value of the contract in a statement on Tuesday.

“The Marjan oilfield is one of the major upstream developments this year that will contribute to the kingdom’s oil production strengths, helping maintain capacity and meet domestic and global demand," said Mohammed Al Qahtani, senior vice president of upstream at Aramco.

Baker Hughes, which is part of GE, will begin work on the field's capacity expansion this month, with the scope of contract includes drilling, reservoir navigation and associated services.

Saudi Arabia, which accounts for 12.9 per cent of the world's oil output, is undertaking field development work offshore the kingdom to offset onshore decline and help maintain its production capacity at around 12 million barrels per day. Marjan, along with Berri and Zuluf fields, are on target for capacity expansion to more than one million bpd.

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Last year, Aramco awarded UK group Amec Foster Wheeler a contract to provide key offshore and onshore work on the Marjan field.

Development of spare capacity is critical for Saudi Arabia, which plays a significant role as a swing producer within Opec. Aramco has upped production since July as part of a concerted effort by Opec and its allies to balance the oil markets amid a resurgence in crude prices. Saudi Arabia reported 10.288 million bpd crude oil production at the end of July, a nearly 350,000 bpd jump from its self-reported figures for the first quarter.

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
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COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

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SPECS

Mini John Cooper Works Clubman and Mini John Cooper Works Countryman

Engine: two-litre 4-cylinder turbo

Transmission: nine-speed automatic

Power: 306hp

Torque: 450Nm

Price: JCW Clubman, Dh220,500; JCW Countryman, Dh225,500

The biog

From: Upper Egypt

Age: 78

Family: a daughter in Egypt; a son in Dubai and his wife, Nabila

Favourite Abu Dhabi activity: walking near to Emirates Palace

Favourite building in Abu Dhabi: Emirates Palace

Brief scores

Barcelona 2

Pique 36', Alena 87'

Villarreal 0

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The details: Visas are available for 247 Zambian kwacha or US$20 (Dh73) per person on arrival at Livingstone Airport. Single entry into Victoria Falls for international visitors costs 371 kwacha or $30 (Dh110). Microlight flights are available through Batoka Sky, with 15-minute flights costing 2,265 kwacha (Dh680).
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THE LIGHT

Director: Tom Tykwer

Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger

Rating: 3/5

From Europe to the Middle East, economic success brings wealth - and lifestyle diseases

A rise in obesity figures and the need for more public spending is a familiar trend in the developing world as western lifestyles are adopted.

One in five deaths around the world is now caused by bad diet, with obesity the fastest growing global risk. A high body mass index is also the top cause of metabolic diseases relating to death and disability in Kuwait,  Qatar and Oman – and second on the list in Bahrain.

In Britain, heart disease, lung cancer and Alzheimer’s remain among the leading causes of death, and people there are spending more time suffering from health problems.

The UK is expected to spend $421.4 billion on healthcare by 2040, up from $239.3 billion in 2014.

And development assistance for health is talking about the financial aid given to governments to support social, environmental development of developing countries.

 

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The Travel Diaries of Albert Einstein The Far East, Palestine, and Spain, 1922 – 1923
Editor Ze’ev Rosenkranz
​​​​​​​Princeton

RESULT

Bayern Munich 5 Eintrracht Frankfurt 2
Bayern:
 Goretzka (17'), Müller (41'), Lewandowski (46'), Davies (61'), Hinteregger (74' og)    
Frankfurt: Hinteregger (52', 55')

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The Details

Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

Rating: 2.5/5 

SPECS
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THREE
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Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

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