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State-owned hydrocarbons company Saudi Aramco are to award a number of seismic contracts worth around US$400 million according to industry sources in the KSA.
News agency Reuters reported that the contracts are related to data-gathering and cover the Red Sea and the offshore Manifa oilfield.
A subsidiary of the China National Petroleum Corporation, BGB Arabia, along with the Saudi Rafid Group are expected to sign the contracts.
“There is no confirmation from Aramco that the Rub al Khali [Empty Quarter] is going to be included in this programme but maybe some terrains,” the source was quoted by Reuters as saying.
It is believed that the Manifa survey will be a 3D programme and runs for two years. The Red Sea contract covers onshore and offshore, is a 2D transition and lasts for 14 months.
There may be scope for another four-year study that covers the study of oil and gas finds in the Empty Quarter of the KSA.
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