Aramco awards $18B in contracts to boost capacity at Marjan, Berri oilfields - Reuters

|About: Saudi Aramco (ARMCO)|By:, SA News Editor

Saudi Aramco (ARMCO) has awarded 34 contracts worth $18B for engineering, procurement and construction projects at its Marjan and Berri oilfields.

The company plans to boost production capacity at the two fields by 550,000 barrels per day of Arabian crude oil and 2.5B standard cubic feet a day of gas; maximum sustained oil output capacity is currently 12M barrels per day.

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