Top 10 Oil and Gas Projects in Saudi Arabia 2024.pdf

Saudi Arabia stands as a titan in the global energy landscape, renowned for its abundant oil and gas resources. It's the largest exporter of petroleum and holds some of the world's most significant reserves. Let's delve into the top 10 oil and gas projects shaping Saudi Arabia's energy future in 2024.

1. Top 10 Oil and Gas Projects in
Saudi Arabia -2024
Overview and Insights
BY
Teleport Manpower Consultant
An International Manpower Recruitment Agency
www.Teleportmanpower.com

2. Introduction to Saudi Arabia
Saudi Arabia stands as a titan in the
global energy landscape, renowned
for its abundant oil and gas
resources. It's the largest exporter
of petroleum and holds some of the
world's most significant reserves.
Let's delve into the top 10 oil and
gas projects shaping Saudi Arabia's
energy future in 2024.

3. Importance of Oil and Gas Projects
The oil and gas sector in Saudi
Arabia is not just an economic
driver but a foundational pillar of
its prosperity. These projects
significantly contribute to the
nation's GDP, provide employment
opportunities, and yield
substantial government revenues.
Moreover, they play a crucial role
in ensuring global energy security
and stability
Image credit: arabianbusiness.com

4. Top 10 Oil and Gas Projects
Here's an overview of each of the top 10 oil and gas projects in Saudi
Arabia for 2024:

5. 1. King Salman Energy Park (SPARK)
Location: Eastern Province
Description: SPARK is a mega industrial
complex designed to drive growth in the
energy, industrial, and technology sectors. It
aims to attract leading global companies
and facilitate collaboration and innovation.
Investment: $2.17 billion (USD)
Expected Completion: Ongoing, with
phases expected to be completed by 2024
Key Players: Saudi Aramco, SABIC, and
international partners
Current Status: Construction and
development progressing steadily, with
several facilities already operational.

6. 2. Marjan Offshore Oil Field Expansion
Location: Arabian Gulf
Description: The expansion of the Marjan
offshore oil field involves the development
of new drilling platforms and infrastructure
to increase production capacity and extend
the field's lifespan.
Investment: $21 billion (USD).
Expected Completion: Phases expected to
be completed by 2024
Key Players: Saudi Aramco
Current Status: Construction underway, with
significant progress made in platform
installation and subsea infrastructure
development.
Image credit: offshore-technology.com

7. 3. Jafurah Gas Field Development
Location: Eastern Province
Description: The Jafurah gas field is one of
the world's largest unconventional gas
fields, and its development aims to boost
Saudi Arabia's domestic gas production to
meet growing energy demands.
Investment: $110 Billion (USD)
Expected Completion: Phases expected to
be completed by 2024
Key Players: Saudi Aramco
Current Status: Exploration and appraisal
activities ongoing, with plans for full-scale
production to commence by 2024.
Image credit: offshore-technology.com

8. 4. South Ghawar Oil Field Development
Location: Eastern Province
Description: The South Ghawar oil field
development involves the implementation
of advanced drilling techniques and
infrastructure upgrades to enhance oil
recovery and prolong the field's production
life.
Investment: Billions of dollars
Expected Completion: Phases expected to
be completed by 2024
Key Players: Saudi Aramco
Current Status: Drilling operations and
facility upgrades progressing, with
production optimization strategies in place.
Image credit: nsenergybusiness.com

9. 5. Red Sea Development Project
Location: Western Region
Description: The Red Sea Development Project is
a luxury tourism and hospitality development
aimed at promoting tourism, economic
diversification, and environmental sustainability
along the Red Sea coast.
Investment: Multi-billion-dollar investment
Expected Completion: Phases expected to be
completed by 2030, with initial phases by 2024
Key Players: The Red Sea Development Company
(TRSDC)
Current Status: Infrastructure development
underway, with sustainable practices and
conservation efforts integral to the project's
design.
Image credit: alarabiya.net

10. 6. Fadhili Gas Plant
Location: Eastern Province
Description: The Fadhili gas plant is a key
component of Saudi Arabia's gas processing
infrastructure, designed to process sour gas
from the Khursaniyah and Hasbah offshore
gas fields.
Investment: $21 billion (USD)
Expected Completion: Operational since
2019, with expansion phases ongoing
Key Players: Saudi Aramco
Current Status: The plant is fully operational,
with plans for further expansion to increase
processing capacity.
Image credit: Aramco.com

11. 7. Haradh Gas Increment Program
Location: Eastern Province
Description: The Haradh Gas Increment
Program involves the expansion of gas
processing facilities and the development of
new gas fields to increase production capacity
and meet growing domestic demand.
Investment: Billions of dollars
Expected Completion: Phases expected to be
completed by 2024
Key Players: Saudi Aramco
Current Status: Construction of new facilities
and drilling operations in progress, with
production ramp-up underway.
Image credit: Aramco.com

12. 8. Berri Oil Field Expansion
Location: Arabian Gulf
Description: The Berri oil field expansion project
aims to increase crude oil production capacity
through the installation of new platforms,
drilling wells, and infrastructure upgrades.
Investment: $6 billion (USD)
Expected Completion: Phases expected to be
completed by 2024
Key Players: Saudi Aramco
Current Status: Installation of new platforms
and drilling operations ongoing, with production
enhancement measures being implemented.
Image credit: nsenergybusiness.com

13. 9. Khurais Oil Field Expansion
Location: Eastern Province
Description: The Khurais oil field expansion
project involves the optimization of production
facilities and the implementation of advanced
technologies to increase oil recovery and
extend the field's lifespan.
Investment: $3 billion (USD)
Expected Completion: Phases expected to be
completed by 2024
Key Players: Saudi Aramco
Current Status: Facility upgrades and drilling
activities underway, with focus on efficiency
improvements and reservoir management.

14. 10. Tanajib Gas Plant Expansion
Location: Eastern Province
Description: The Tanajib gas plant expansion
project aims to increase gas processing
capacity to support the development of
offshore gas fields in the Arabian Gulf,
including the Marjan and Berri fields.
Investment: Billions of dollars
Expected Completion: Phases expected to be
completed by 2024
Key Players: Saudi Aramco
Current Status: Expansion of processing
facilities and infrastructure upgrades
progressing, with plans to meet growing gas
demand in the region.
Image credit: gcscontracting.com

15. Investment Trends in Saudi Arabia
Over the years, Saudi Arabia has
consistently directed significant
investments into its oil and gas sector,
reflecting its commitment to sustaining
and expanding its energy dominance.
The graph illustrates the upward
trajectory of investments, underscoring
the industry's strategic importance to
the nation's economic development.
Image credit: mordorintelligence.com

16. Future Outlook
Looking ahead, Saudi Arabia's oil
and gas sector shows no signs of
slowing down. With ongoing
projects and ambitious initiatives,
the nation is poised for continued
growth and innovation. These
endeavors not only bolster its
position in the global energy
market but also pave the way for
advancements in sustainability
and technology.
Image credit: saudienergyconsulting.com

17. Conclusion
In conclusion, the top 10 oil and
gas projects in Saudi Arabia for
2024 represent the epitome of
ambition, innovation, and
strategic foresight. As these
projects progress, they not only
propel Saudi Arabia's economy
forward but also shape the
trajectory of the global energy
landscape. Thank you for joining
us on this insightful journey.
Image credit: britannica.com

18. Q&A
Now, we invite you to share your
thoughts, questions, and insights.
Feel free to engage in a discussion
about the presented projects and
their implications.

19. Thank You
We extend our sincerest gratitude
for your participation and interest in
Saudi Arabia's oil and gas projects.
Together, let's continue to explore
opportunities, drive innovation, and
shape a sustainable energy future.
Thank you!

20. About Teleport Manpower Consultant
Teleport Manpower Consultant is a professional ISO certified
global overseas manpower recruiting agency in Pakistan, also
in the top 10 list of recruitment agencies in Pakistan
providing recruitment and HR staffing services to companies
at all levels. As a top recruiter in Pakistan we are helping
multi national international companies to source quality
manpower from Pakistan.
Email: [email protected]: [phone]