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⛽️ Aramco Signs $25 Billion New Contracts for Jafurah Phase II and Master Gas Phase III Saudi Aramco has signed contracts for the second phase of Jafurah field project and the third stage of Master Gas System project (MGS), at a total value $ 25 billion. 👉 Jafurah Expansion - New Contracts Sixteen new contracts worth $12.4 billion, for phase two development at Jafurah have been awarded. The works will involve construction of gas compression facilities and associated pipelines, expansion of the Jafurah Gas Plant including construction of gas processing trains, and utilities, sulfur and export facilities. It will also involve construction of the Company’s new Riyas Natural Gas Liquids (NGL) fractionation facilities in Jubail — including NGL fractionation trains, and utilities, storage and export facilities — to process NGL received from Jafurah. 👉 Master Gas System Expansion - New Contracts Fifteen new contracts worth $8.8 billion, are awarded to commence the phase three expansion of the Master Gas System, which delivers natural gas to customers across the Kingdom of Saudi Arabia. The expansion, being conducted in collaboration with the Ministry of Energy, will increase the size of the network and raise its total capacity by an additional 3.15 billion standard cubic feet per day (bscfd) by 2028, through the installation of around 4,000km of pipelines and 17 new gas compression trains. 👍 Progress of Jafurah Expansion The Jafurah unconventional gas field is estimated to contain 229 trillion standard cubic feet of raw gas and 75 billion Barrels of condensate. Phase one of the Jafurah development program, which commenced in November 2021, is progressing on schedule with kick-off scheduled in 3Q 2025. Aramco expects total overall lifecycle investment at Jafurah to exceed $100 billion and production to reach a sustainable sales gas rate of two billion standard cubic feet per day by 2030, in addition to significant volumes of ethane, NGL and condensate. 👍 Progress of Master Gas System Expansion Aramco’s Master Gas System is an extensive network of pipelines that connects Aramco’s key gas production and processing sites throughout the Kingdom of Saudi Arabia. Its expansion will increase access to domestic gas supplies for customers in the industrial, utility and other sectors — providing a lower greenhouse gas emission alternative to oil for power generation. This pioneering network, which now transports associated gas and sales gas, has helped Aramco achieve near-zero routine gas flaring and maintain a flare volume of less than 1% of total raw gas production since 2012, contributing to Aramco having one of the lowest upstream carbon intensities across the industry. Kind regards Rohail Khan Senior Banker / Strategic CFO / Independent Financial Adviser Cell & WhatsApp +966562978219 Email rohailkhan00@gmail.com LinkedIn www.linkedin.com/in/rohail #SaudiVision2030 #SaudiEconomy #OilandGas #SaudiAramco #PIF #Jafurah #RohailKhan

Saudi Aramco, the world’s biggest oil producer, has awarded contracts worth more than $25bn for the second phase of the expansion of its Jafurah gas field and the third phase of expanding its main gas network. The development of the Jafurah field, which is estimated to hold 200 trillion cubic feet of gas, is expected to cost $100bn and boost the state energy firm’s gas production by more than 60 per cent by 2030. “These contract awards demonstrate our firm belief in the future of gas as an important energy source, as well as a vital feedstock for downstream industries,” said Amin H. Nasser, Aramco president & CEO. “The scale of our ongoing investment at Jafurah and the expansion of our master gas system underscores our intention to further integrate and grow our gas business to meet anticipated rising demand.” aramco | #LNG | #Energy | #SaudiArabia

#Nigeriaisopenforbusiness🚀 🚢 Saipem Wins $4 Billion Contract from QatarEnergy! 💼 Italian energy engineering company Saipem has secured a massive offshore contract worth $4 billion from QatarEnergy, one of the top global suppliers of liquefied natural gas (LNG). This deal will contribute to increasing production at QatarEnergy's North Field, a major offshore natural gas field located off the northeastern coast of Qatar. 🌍 Earlier this year, Qatar announced plans to expand the North Field’s LNG output from the current 77 million tonnes per annum (MTPA) to an ambitious 142 MTPA by 2030. This contract is a critical part of that expansion project, aimed at boosting Qatar’s standing in the global LNG market. 🛢️🚀 . . . This may be the best time to Unlock Nigeria's Oil & Gas Potential with our Proven Expertise!🚀 We had the opportunity to review the National Gas Policy for the Federal Ministry of Petroleum Resources in Nigeria, receiving a commendation letter from the Ministry of Petroleum Resources for our contributions. During this review, we played a key role in developing the framework for domestic LNG usage in Nigeria! 💡 Why Invest? Largest market in Africa: With a population of over 200 million people.💰 Strategic oil and gas projects accelerating growth: $20 Billion Dangote Refinery, $10 Billion NLNG Train 7 project, $2.5 billion AKK Gas pipeline project. 💰 Tap into unparalleled success with Olufola Wusu, a recognized market entry authority in Nigeria and with oil and gas experience in six other African nations. Specializing in empowering oil and gas firms, my team at Olufola Wusunavigates complex regulations spotting value and helping to avoid risk throughout your market entry voyage. 💰 Our achievements include helping to shape the framework for domestic use of LNG in Nigeria's National Gas Policy. Expert Leadership: Recognized as a top market entry specialist in Nigeria, success in six African countries; Strategic Guidance: Navigate policies, regulations and local nuances seamlessly. 🌐 Opportunity Awaits: Collaborate with Olufola Wusu for streamlined market entry into Nigeria, the largest LNG producer and Africa's prime market with over 200 million people. Our goal is a clear plan for success. #marketentry #Nigeria #Lagos #lawyers #Nigeriaisopenforbusiness #RegulatoryImpact #oilandgas #LNG #Gas #NigeriaInvestment #GasInfrastructure #InvestmentOpportunities #OilandGas

#Aramco has awarded contracts worth more than $25 billion to progress its strategic gas expansion, which targets sales gas production growth of more than 60% by 2030. The contracts relate to phase two development of the vast #Jafurah unconventional gas field, phase three expansion of Aramco’s Master Gas System, new gas rigs and ongoing capacity maintenance. The Company has awarded 16 contracts worth $12.4 billion for phase two development at Jafurah. Another 15 contracts totaling $8.8 billion have been awarded for phase three of the Master Gas System expansion in Saudi Arabia. Additionally, 23 gas rig contracts worth $2.4 billion and two directional drilling contracts worth $612 million have been awarded. Between December 2022 and May 2024, 13 well tie-in contracts at Jafurah worth $1.63 billion have been awarded. Source: Aramco Petropipe Oil and Gas #petropipefze #supplier #pipes #fittings #flanges #valves #epcnews #engineering #construction #oilandgas #gas #offshore #onshore #rigs #oilandgasnews #naturalgas #SaudiArabia #KSA

The contracts awarded include $12.4 billion for increasing gas output at Jafurah, plus $8.8 billion for expanding the so-called master gas system, which delivers natural gas to customers around the country, according to a statement. Aramco also awarded $2.4 billion in contracts for gas rigs. Saudi Arabia has some of the biggest gas reserves in the world. Development of the Jafurah field, estimated to hold 200 trillion cubic feet of gas, is expected to cost $100 billion and boost the firm’s gas production more than 60% by 2030. #SaudiArabia #gas #investment Click and see more https://lnkd.in/e8KFtTU7

[Asia - Oceania] Oil & Gas News Roundup for Week of April 22 to 28, 2024 Consolidation in Malaysia's Oil & Gas Sector -- TotalEnergies is acquiring a 50% stake in SapuraOMV, an independent gas producer in Malaysia, from Sapura Energy. This deal strengthens TotalEnergies' presence in the region. Potential Collaboration in China -- Aramco is in talks with Hengli Group for a possible stake acquisition in Hengli Petrochemical, a sign of potential collaboration between these major players. Breaking Down the News: TotalEnergies Expands in Asia: French energy giant TotalEnergies is acquiring a 50% stake in Malaysia's SapuraOMV for $530 million. This move strengthens TotalEnergies' position in the Asia-Pacific oil and gas market, particularly in Malaysia. Aramco Eyes China Market: Saudi Aramco is reportedly in discussions with China's Hengli Group regarding a potential 10% stake acquisition in Hengli Petrochemical. This could signal growing collaboration between these energy giants in the Chinese market. Sapura Energy Divests: Sapura Energy has confirmed selling its 50% stake in SapuraOMV to TotalEnergies for $530.3 million. The company may be looking to focus on other areas or reduce debt. Tengiz Field Operations Begin: Chevron announced the successful launch of the Wellhead Pressure Management project at the Tengiz oil field in Kazakhstan by its subsidiary Tengizchevroil LLP. This project is expected to improve efficiency and safety at the field. #Notes: The value of the SapuraOMV deals seems to be very close, suggesting a definitive agreement might have been reached between the parties involved. The acquisition of SapuraOMV by TotalEnergies is expected to be finalized in the latter half of 2024.

Saudi Arabia is making significant strides in the oil and gas sector, with several new projects underway. One of the most notable projects is the *Jafurah Shale Gas Project*, which is expected to make Saudi Arabia one of the top gas producers globally by 2030 ¹. This project has already seen investments of over $25 billion, with 16 contracts worth $12.4 billion awarded for construction of gas compression facilities, pipelines, and expansion of the Jafurah Gas Plant ¹. Another significant project is the *Master Gas System Expansion*, which aims to increase Saudi Arabia's gas production by 60% over 2021 levels by the end of the decade ¹. This project involves the construction of 821 km of pipeline and upgrading of existing gas compression systems, with 15 lump-sum turnkey contracts worth about $8.8 billion awarded ¹. Additionally, Saudi Aramco has awarded contracts for the expansion of the *Fadhili Gas Plant*, which will increase its processing capacity by 1.5 Bcf/D ¹. The company also plans to invest over $100 billion in the Jafurah project over its life cycle, with first gas expected by 2025 and a sustainable sales gas rate of 2 Bcf/D by 2030 ¹. Other notable projects in Saudi Arabia include the *Khurais Megaproject*, which aims to increase Saudi Arabia's export capacity from 11.3 to 12.5 million bpd ², and the *Haradh oil and natural gas facility*, which is expected to boost Saudi natural gas production capacity by roughly 25% ³. These projects demonstrate Saudi Arabia's commitment to expanding its oil and gas sector, with a focus on increasing gas production to meet rising demand and support the Kingdom's transition towards a lower-emission power grid ¹.

ADNOC Gas has signed a 10-year Sales and Purchase Agreement (SPA) with GAIL (India) Limited, India’s largest natural gas company. Starting in 2026, this landmark agreement will see the supply of up to 0.52 million metric tons per annum (mmtpa) of liquefied natural gas (LNG). The LNG will be sourced from world-class Das Island liquefaction facility, a cornerstone of ADNOC Gas’ operations with an impressive production capacity of 6.0 mmtpa. As one of the longest-established LNG plants globally, Das Island has been delivering reliable energy solutions since 1977, shipping over 3,500 LNG cargoes worldwide. This agreement builds on the Heads of Agreement signed in January, reaffirming ADNOC Gas’ commitment to fostering strong partnerships and supporting global energy security. 🌱 #EnergyPartnerships #GlobalEnergy #LNG #Sustainability #ADNOCGas #GAIL #NaturalGas #EnergyTransition #UAEIndiaRelations https://lnkd.in/eqPDk8wK

TotalEnergies is set to strengthen Nigeria's gas sector with plans to approve a $750M Ima gas project next year, following its $500M investment in the Ubeta onshore field. These projects will enhance supply to Nigeria's LNG facilities, with the Ubeta project alone contributing 300 million cubic feet per day. The government targets $10B in new investments for deep-water gas exploration under a new policy framework. Munachiso Michael Timothy Adebayo Peter N. Ibogbe Joseph Zone Ufuoma Ewherido Olubunmi Martins Reuben Nyam Ikechukwu Promise Obialor Dakim Dung Oveh Kpason Follow The African Energy Council for more energy news #EnergyTransition #aecouncil #GasProjects #NigeriaEnergy #TotalEnergies #OilAndGas #LNG #HydrocarbonDevelopment #SustainableEnergy #DeepWaterExploration #AfricaEnergy #NaturalGas