Aramco announces first quarter 2022 results
The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its first quarter 2022 financial results, posting an 82% year-on-year (YoY) increase in net income to $39.5 billion.
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Europe
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Global Businesses
Gas production
Fadhili
Fadhili
The cutting edge Fadhili
Gas Plant (FGP) is emblematic of Saudi Aramco’s broad impact on not only
boosting gas supply to displace crude burning, but also driving economic
growth, developing the Saudi workforce, spearheading technology deployment, and reducing CO2 emissions. FGP
construction started in 2016 and was completed and put fully onstream in 2020
With a total processing
capacity of 2.5 BSCFD, FGP is the first plant in the region to have the capability of sweetening low BTU gas, then directly powering
an independent power plant, yet able to switch to regular sales gas as needed. In addition,
Fadhili is the first plant to treat nonassociated gas from both onshore and offshore fields
FGP is also the first SA Gas plant to deploy the Sulfur Recovery Unit Tail
Gas Treatment process to attain a sulfur recovery rate of 99.9%, helping to protect air quality, and
reducing SO2 emissions by more than 18,000 Metric Tons per year as compared to the conventional Claus
process.
The development of Fadhili added billions of dollars to
the local economy through IKTVA. 46% of the project’s materials and services
were sourced and manufactured in Saudi Arabia.
A unique feature of Fadhili is that its multiple downstream treated gas
pipelines enhanced the connectivity, reliability, and responsiveness of Saudi
Aramco’s Master Gas System (MGS),
as those pipelines are connected to the northern and central sections of the MGS.
Hawiyah
Hawiyah
We are expanding the gas
processing capacity of our Hawiyah gas plant by more than 1 BSCFD. The new gas
processing facilities, expected to be on stream in 2022, are anticipated to
raise total production capacity of the plant to approximately 3.6 BSCFD, making
it one of the largest gas processing facilities in the world.
We are making improvements to sustain gas production from both the
Haradh and Hawiyah fields for the next 20 years and boost production by an
average of 1.2 BSCFD. The program includes installing gas compression
facilities, liquid separation stations, and transmission lines to our Haradh
and Hawiyah gas plants, along with expanding the existing gas gathering
pipeline network.
Karan
Karan
Karan, was our first non-associated offshore gas field development. Discovered in 2006 in the thickest, extremely prolific and complex carbonate layers, the project was fast-tracked, taking only six years to go from discovery to production.
Non-associated gas fields do not have an associated oil column and, therefore, can be accessed without producing oil. The raw gas is transported through a 110-kilometer subsea pipeline to the Khursaniyah Gas Plant for processing.
Midyan
Gas plant in Midyan
Located in the Tabuk region, Saudi
Aramco's first such project in the Kingdom’s northwest. The Midyan field — discovered in
the early 1990s during exploration
of the Red Sea coastal plain — was studied to identify ways to optimize economic
production.
In 2017,
we enabled production from our Midyan nonassociated gas field in northwestern Saudi
Arabia. The facilities in the field are designed to produce 75 million SCFD of
sales gas and 4.5 thousand bpd of condensate.
The produced gas is used to
displace liquid fuels for power generation.
Shaybah
Shaybah
The natural gas liquids (NGL) recovery
plant at Shaybah was commissioned and began production in late 2015, with a
second processing train starting up in 2016. The plant NGL production helps
Saudi Aramco to meet increasing demand for petrochemical feedstock.
Designed to process as much
as 2.4 BSCFD of associated gas and recover 275,000 bpd of ethane plus NGL, the
Shaybah facility feeds these volumes of NGL via pipeline to Ju’aymah for further
processing before being delivered as petrochemical feedstock to industrial
cities.
Wasit
Wasit
Wasit, one of the largest gas plants we have ever built, was brought onstream in October 2015 and reached full operating capacity in mid-2016. Unlike our other gas plants, Wasit is designed to process solely nonassociated gas.
To feed Wasit, we brought gas production onstream from the big bore nonassociated gas wells in our offshore Arabiyah and Hasbah fields, situated approximately 150 km northeast of Jubail Industrial City in the Arabian Gulf. With the startup of production from these two fields, more than 40% of our nonassociated gas now comes from offshore fields.
Our continued success in increasing supplies of cleaner burning natural gas makes it possible for us to reduce emissions, enable new industries and release more crude oil for value-added refining or export.
Oil production & Refineries
Abqaiq
Abqaiq
As the company's largest oil processing facility and the largest crude oil stabilization plant in the world, Abqaiq plays a pivotal role in our day-to-day operations.
Abqaiq oil facilities receive sour crude oil from gas-oil separation plants (GOSPs), process it into sweet crude oil, and then transport it to Ras Tanura and Jubail on the east coast, Yanbu' on the west coast and to Bapco Refinery in Bahrain. The off gases from the spheroids and stabilizer columns that are part of the conversion process are then sent to Abqaiq natural gas liquids (NGL) facilities for further processing.
Abqaiq is the main oil processing center for Arabian Extra Light and Arabian Light crude oils.
Ghawar
Ghawar
The northern-most portion of the Ghawar field lies approximately 100 kilometers west of Dhahran. The field comprises six main areas (Fazran, Ain Dar, Shedgum, Uthaminyah, Hawiyah and Haradh) and extends southward over more than 200 kilometers as one long continuous anticline. It is approximately 36 kilometers across at its widest point.
We believe that the Ghawar field is the largest oil field in the world in terms of conventional proved reserves, totaling 58.32 billion barrels of oil equivalent as at 31 December 2018. It has accounted for more than half of the total cumulative crude oil production in the Kingdom.
The Ghawar field facilities and infrastructure remain a central component in our long-term strategic framework for optimizing both technical recovery of resources and the economic of resource management.
Haradh
Haradh
The Haradh area, located at the southern tip of the Ghawar oil field, was developed in three increments of 300,000 bpd of Arabian Light crude oil capacity.
Haradh III was also the first plant in the Southern Area of company operations to have completely automated well control and monitoring, allowing remote operations. The project benefited from successful integration of four technologies: multilateral, maximum reservoir contact (MRC) wells; Smart Well completions (using control valves for preventing premature water breakthrough); geosteering (for optimal placement of wells in the reservoir for maximum recovery); and the “intelligent field” concept, in which real-time sub-surface data transmissions enable continual monitoring of key reservoir indicators. The integrated use of these four technologies slashed unit well development costs three-fold.
Khurais
Khurais
The Khurais complex, which comprises of the Abu Jifan and Mazalij fields in addition to Khurais itself, is approximately 106 kilometers long and 18 kilometers across at its widest point.
As of 31 December 2018, proved reserves at Khurais were 21.40 billion barrels of oil equivalent, including 20.10 billion barrels of liquid reserves.
Khursaniyah
Khursaniyah
The Khursaniyah program includes facilities to process and stabilize 500,000 bpd of Arabian Light crude oil blend from the Abu Hadriya, Fadhili and Khursaniyah fields, and a grassroots gas plant to process one billion scfd of associated gas.
Khursaniyah began producing oil in August 2008. The facility also has the capacity to inject 1.1 million bpd of non-potable water for reservoir pressure maintenance.
Manifa
Manifa
The UNESCO environmental responsibility award nominated Manifa crude oil development was designed to produce 900,000 bpd of Arabian Heavy crude oil, 90 million scfd of sour gas, and 65,000 bpd of hydrocarbon condensate.
By employing best-in-class technologies in infrastructure, drilling and production activities, the project consumed more than 80 million man hours without a lost time injury.
Prior to construction, extensive engineering and ecological assessments were conducted to ensure that the marine ecosystem would not be adversely affected by developing the field. As a direct result of these studies, Saudi Aramco constructed three kilometers of bridges to span the migration paths of various marine species, maintaining natural water flow and preserving natural marine nurseries.
Nuayyim
Nuayyim
Nuayyim crude oil increment added 100,000 bpd of Arabian Super Light crude oil and 90 million scfd of associated gas to our production capacity.
The project – the first in-Kingdom project of this scale with a project proposal completed entirely in Saudi Arabia – also included a gas-oil separation plant, 140 kilometers of 16” gas pipeline, and water supply facilities at Hawtah. Smokeless flaring has been used to significantly reduce emissions.
The field, which entered production in August 2009, is 250 kilometers south of Riyadh and about 50 kilometers northeast of our Hawtah crude oil facility, the first producing facility in the Central Region of Saudi Arabia.
Qatif
Qatif
Qatif Producing Plants Program consists of facilities to produce, process, and transport 500,000 bpd of blended Arabian Light crude oil from the Qatif field and 300,000 bpd of Arabian Medium crude oil from the offshore Abu Sa'fah field.
The Qatif facility was the first to produce Arabian Light crude oil by blending Arabian Extra Light, Light and Medium grades.
Safaniyah
Safaniyah
We believe that Safaniyah field is the world's largest conventional offshore oil field in terms of proved reserves. It is located approximately 260 kilometers north of Dhahran. Most of the field lies offshore in the Arabian Gulf. Within the Concession area, the Safaniyah field is approximately 50 kilometers long and 15 kilometers wide.
As of December 2018, the proved reserves were 34.03 billion barrels of oil equivalent.
Shaybah
Shaybah
The Shaybah field, located in the Rub’ al-Khali or Empty Quarter, was discovered in 1968. Its remote location, local summer temperatures in excess of 50 degrees Celsius and sand dunes higher than 300 meters presented serious challenges. So for technical and economic reasons, development was held off until 20 years later. However, by the 1990s, advances in 3D seismic imaging technology, horizontal drilling and other technologies gave us the tools we needed to begin production.
The field is approximately 13 kilometers wide and 64 kilometers long. Due to the field's remoteness, its facilities include a dedicated NGL recovery unit, an airfield and accommodation for staff.
Our second 250,000 bpd expansion project at Shaybah came on-stream in 2016, raising its overall production capacity to 1 million bpd of Arabian Extra Light crude oil — double the facility’s original capacity. As of December 2018, proved reserves were 14.86 billion barrels of oil equivalent.
Zuluf
Zuluf
The Zuluf field is located in the Arabian Gulf, approximately 240 kilometers north of Dhahran, in average water depth of 118 feet. The field has two main structures, Zuluf and Ribyan, and is of similar area to Safaniyah to the north.
As of December 2018, Zuluf had proved reserves of 31.31 billion barrels of oil equivalent.
Refinery
Jazan Refinery
Jazan Refinery
Aramco operates one of the world’s largest refining businesses, and its integrated petrochemical refinery complex at Jazan City for Primary and Downstream Industries is part of the Company’s vibrant downstream growth strategy.
In 2020, Aramco confirmed that it would proceed with the divestment of the Jazan Integrated Gasification and Combined Cycle Plant into a Joint Venture (JV) between Aramco, Air Products, ACWA Power, and Air Products Qudra, integrating the Air Separation Unit into the JV.
Once Aramco’s Jazan Refinery Complex is ready for full operations, expected in the first half of 2021, Aramco will have five wholly owned refineries within the Kingdom, three of which were built specifically to supply transportation and utility fuels for the domestic marketplace.
All centers
United Kingdom
Aberdeen, Scotland
Our Technology Office in Aberdeen focuses on drilling and production technologies. The European arm of Saudi Aramco Energy Ventures (SAEV) is located within the office, whose mission is to source and develop relationships with strategically significant and innovative energy technology companies.
China
Beijing
Our Beijing Research Center conducts research on chemical enhanced oil recovery and advanced seismic imaging technologies, including automated fault detection and improvements in data quality through super resolution.
The Center is also evaluating the expansion of research activities into the downstream sector in areas such as transportation efficiency, greenhouse gas management, advanced control and power systems, robotics, materials science, nanotechnology and advanced computing.
South Korea
Daejeon
Our CO2 Management Collaboration at the Korean Advanced Institute of Science and Technology (KAIST) in Daejeon, South Korea, is dedicated to addressing issues related to carbon management. The collaboration follows an interdisciplinary approach to innovative and cost-effective CO2 capture, storage, and conversion from fixed and mobile sources.
The Netherlands
Delft
The Delft University of Technology in the Netherlands is home to our technology office that focuses mainly on seismic processing and subsurface imaging to help us better understand the nature of our subsurface geology.
Russia
Moscow
Aramco Innovations Research Center
Leninskiye Gory 1 bldg 75-B
119234 Moscow
Russia
France
Paris
Our Aramco Fuel Research Center in Paris is located at IFP Energies nouvelles (IFPen). IFP Energies nouvelles is a public-sector research, innovation and training center active in the fields of energy, transport and the environment. Thanks to this strategic placement, we can capitalize on IFPen’s facilities and links to various European automakers to accelerate the innovation cycle of different fuel technologies.
Saudi Arabia
Dhahran
Our research areas at our Dhahran headquarters include the Research & Development Center (R&DC) and the EXPEC Advanced Research Center (EXPEC ARC).
EXPEC ARC develops specialized technologies necessary to achieve its upstream objectives of increasing discovery of oil resources and increasing reservoir recovery. An expansion of the EXPEC Advanced Research Center is currently underway, with new facilities to enable integrated research on sustainability technologies.
Our R&DC focuses on cutting-edge technologies that enhance operational reliability, efficiency and safety, as well as investigating clean fuels and the management of carbon release.
Thuwal
Our research center at the King Abdullah University of Science and Technology (KAUST) focuses on catalyst development, materials science, nanotechnology, robotics, solar energy materials and fuel technology. The strong capabilities provided in downstream areas are complemented by our FUELCOM collaboration with the KAUST Clean Combustion Research Center.
USA
Boston
Aramco Research Center-Boston supports development in the areas of computational modeling, advanced materials, and nanotechnology. The center works on collaborative research projects with the nearby Massachusetts Institute of Technology (MIT) faculty, with a focus on modeling, visualization, simulation, and advanced materials.
Our Aramco Research Centers in Detroit, Houston, and Boston have a collaboration with the MIT Energy Initiative (MITEI) to support research by two Low-Carbon Energy Centers designed to address climate change challenges. The centers bring together researchers from multiple disciplines at MIT to engage with companies, governmental agencies, and other stakeholders to further research and promote clean energy technologies to mitigate climate change.
Detroit
Our Aramco Research Center in Detroit focuses on competitive transportation solutions, improving the efficiency of current and future engines, reducing overall environmental impact, cost, and complexity of engine systems.
The Center can accommodate light-duty and heavy-duty fuels research programs and also offers full on-site integration and the demonstration of new vehicle technologies. Our Strategic Transportation Analysis Team, based in the Detroit Center, provides dynamic industry analysis relevant to our fuels research and development activities.
Houston
Aramco Research Center in Houston focuses on upstream technologies for conventional and unconventional resources to support discovery and recovery goals. Specific areas of research include advanced seismic imaging, unconventional productivity enhancement, smart fluids to improve well productivity, nano-based polymers, surfactants, cement technologies related to drilling operations, quantitative geology, and advanced downhole sensors. It is our largest center outside Saudi Arabia.