Publication Date:
Sat, 2009-12-05 03:00
LONDON: Saudi Arabia has pushed back the tentative completion date of the last giant oilfield on its expansion slate by at least two years, the state oil giant Saudi Aramco said on its website on Friday.
Aramco has been developing its 900,000 barrels per day (bpd) heavy crude Moneefa project since 2006 with an anticipated completion date of 2013 after delays this year had already pushed back the start date from September 2011.
In an online article dated Dec. 3, Aramco listed Moneefa project details with the line “Completion date (projected): 2015.”
Aramco has previously said Moneefa would compensate for declining output at other fields, and would not boost Saudi production capacity.
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