Bidding for Saudi Midyan gas field extended again

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Saudi Aramco has extended the deadline to bid for the development of the Midyan gas field by three weeks to January, two industry sources said.

Bidding is now due to close by Jan. 21 after companies asked again for an extension of the Dec. 31 deadline which had coincided with the year-end holiday period. The original deadline for submitting the bids was end-November.

Aramco wants to build a plant which will have a processing capacity of 75 million standard cubic feet per day of gas and a pipeline to feed gas to a power plant in the western port city of Duba.

The world's largest oil exporter is looking for gas all over the kingdom to boost gas production that will help meet rising domestic fuel demand. It made a new gas field discovery 26 kilometres northwest of Duba, Saudi oil minister was quoted as saying in October.

Midyan is expected to start production in 2013, Aramco's CEO Khalid al-Falih said in October. The field in northwest Saudi Arabia was discovered in the 1980s and has significant reserves, added al-Falih.

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Petroleum producers shift attention from Middle East: Kemp

Petroleum producers shift attention from Middle East: Kemp

Following four decades of war, sanctions, nationalisation and...

Back in business

Back in business

Iran’s tankers are back on the oceans as sanctions on the Islamic...

A new future for Saudi Arabia?

A new future for Saudi Arabia?

The vast Wadd Al Shimal phosphate mine in the north of Saudi...

Most Popular
Most Discussed