Partnerships powering Saudi Arabia’s growth: Saudi Aramco and GE
Saudi Arabia has one of the world’s fastest growing economies. It therefore presents significant opportunities for technology innovation and infrastructure development.
GE’s latest partnership in the Kingdom is with Saudi Aramco, the state-owned national oil company, to supply a broad range of equipment and services for the expansion of its gas-oil processing facilities in Shaybah, southeastern Kingdom of Saudi Arabia. The contract awards, expected to total nearly $500 million, demonstrate the strength of GE Energy’s integrated high-technology equipment and services portfolio, and reflect GE’s commitment to continued investment and localisation in the region.
Following a 50-percent capacity upgrade in June 2009 from half a million barrels per day to 750,000 barrels per day of Arabian Extra Light crude, Shaybah, Saudi Aramco’s most remote oil field, is more productive than ever. To enhance oil recovery and contribute to the development of the Saudi economy still further, Saudi Aramco will increase crude production to one million barrels per day and increase the Gas Oil Ratio of the field from 1,800 to 7,200.These aggressive expansion plans will require an additional 729 megawatts of power. GE will supply 11 gas turbine-generators, 44 compressors, motors and services.
To meet the varied requirements of the Shaybah project, GE Energy is engaging several of its business units operating in the power, services and oil & gas sectors. With a presence that spans almost 80 years in Saudi Arabia, GE has expanded its energy presence in the Kingdom through public-private partnerships and a strong footprint of facilities in service repair support and customer training centers in power, water and oil and gas. With more than 800 GE employees, Saudi Arabia has the largest GE workforce in the Middle East.
GE in Saudi Arabia