Saudi Aramco in Asia News [05/02/13]

AME INFO [30/01/13]

Saudi Aramco to supply Asian refiners with full term allocations in Feb

Saudi Aramco is expected to supply full nominated volumes of crude oil loading in February to Asian refiners, Platts has reported, citing sources close to the matter. Sources at refiners in Japan, Taiwan, China and South Korea said their term lifting requests for February were set to be met in full. "We should not have any exceptions [to requested allocations]," a source at a Taiwanese refiner said. "As far as I know [allocations] are normal," a source at a Japanese refiner said.

ENERGY BUSINESS REVIEW [05/02/13]

Saudi Aramco, Pertamina sign MOU to build oil refinery in Indonesia

Indonesia's state-owned oil and gas firm Pertamina and Saudi Aramco's subsidiary, Saudi Aramco Asia Company (SAAC), has signed a memorandum of understanding (MOU) to set up an oil refinery in Tuban, East Java. 

The refinery is expected to have a production capacity of 300,000 barrels per day.

The companies will jointly conduct feasibility study of the project, which would later be integrated with a petrochemical plant in Indonesia.

Pertamina investment planning and risk management director M Afdal Bahaudin said, "The investment cooperation with Saudi Aramco is very useful for Pertamina and Indonesia to strengthen gasoline and petrochemical supply to meet huge domestic and regional demand."

Saudi Aramco marketing, supply and joint venture coordination vice president Dawood M Dawood said the MOU is a part of its strategy to increase downstream business and also deepen relations with Pertamina.

"We are committed to mutually beneficial investment that will benefit both parties and contribute to economic and development growth," Dawood said.

Crude oil for the refinery will be supplied by Saudi Aramco, while the facility will be used to produce different petrochemical products and high quality gasoline products, to meet the growing demand for such products in Indonesia and Southeast Asian region.

OIL and GAS JOURNAL [25/01/13]

Aramco starts drilling with new jack up 

By OGJ editors

Saudi Aramco planned to begin drilling in the Persian Gulf this month with a jack up drilling rig purpose-built at the Kepper FELS shipyard in Singapore.

It is Saudi Aramco’s second fully owned and operated jack up.

With a 54-motor jacking system and legs more than 400 ft long, the rig can drill to as deep as 30,000 ft.

It has six generators able to power all facilities and a back-up. It also has a water cooling system.