GlobalData’s latest report, ‘Saudi Aramco After IPO – Company Overview and Development Outlook’, indicates that Saudi Aramco is set to increase its oil and gas production mainly through project expansions.

The upcoming oil expansion projects are Marjan Complex, Berri, Safaniyah and Zuluf. The Fadhili Gas Plant (Hasbah Gas Increment) is the only expansion project to increase natural gas production in the country.

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The Marjan expansion project aims to increase the field production by 300,000 barrels of oil per day and additional 360,000 barrels per day (bpd) of C2+NGL from 2023. The Marjan increment programme is estimated to cost $12 billion.

The Berri’s expansion is expected to add 250,000 barrels of oil per day to the country’s produced oil between 2022 and 2023. In addition, 40,000bpd associated gas condensate would be processed at the Khursaniyah gas plant. Berri’s expansion is estimated to cost $6 billion.

The Safaniyah’s expansion project aims to increase the field production capacity by 300,000bpd, starting from 2021.

By Zuluf expansion, project production capacity would be increased by 600,000 barrels of oil per day, starting from 2022. As part of Marjan expansion program, the increased associated gas from Zuluf field would be separated and sent to onshore Tanajib gas plant.

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When completed, the Fadhili Gas Plant’s would add up to 2.0 billion cubic feet per day (bcfd) of processing capacity for the gas from Hasbah field and 0.5bcfd for the gas from Khursaniyah field. In addition, 2.5bcfd gas from offshore fields of Marjan, Zuluf and Safaniyah are planned to be gathered and separated offshore as part of the Marjan Increment project and sent to processing plants onshore.

Saudi Aramco is also planning two new upstream projects – Dammam Redevelopment and Midyan – to increase oil and gas production. Dammam Redevelopment is crude oil production project expected to start operations in 2021 with forecast total CAPEX of $2 billion. On the other hand, Midyan will produce natural gas and condensate and is expected to start operations in 2020 with a forecast total CAPEX of $607 million.