Saudi Aramco has big plans for boosting oil and gas production to record levels, by the year 2020, Saudi Aramco’s daily production capacity of 12 million b/d will become 15 million b/d.
Saudi Aramco will showcase eleven upstream and downstream investment plans valued at over $58B in Houston, Texas on May 2nd at its procurement seminar held at the Reliant ARENA in tandem with the 2012 Offshore Technology Conference (OTC).
Founded in 1969, the Offshore Technology Conference (OTC) is the world’s foremost event for the development of offshore resources in the fields of drilling, exploration, production, and environmental protection. Learn more about OTC’s 12 sponsoring organizations.
Speakers include:
Edward Burton, President and Managing Director, U.S.-Saudi Arabian Business Council
H.E. James B. Smith, U.S. Ambassador to the Kingdom of Saudi Arabia
Amer Kayani, Minister Counselor for Commercial Affairs, Embassy of the United States in Riyadh
Mohammed H. Belushi, Manager of Procurement & Logistics, Aramco Services Company
For an agenda, biographies of speakers, and to register for the seminar click here, this seminar is held in collaboration with the U.S. Commercial Service.
About Saudi Aramco
Owned by the Saudi Arabian Government, Saudi Aramco is a fully integrated, global petroleum enterprise and a world leader in exploration and production, refining, distribution, shipping, marketing and petrochemicals manufacturing. The Company manages 260.1 billion barrels of proven reserves of crude oil, the largest, and 279 trillion cubic feet of gas reserves, the fourth-largest in the world. Saudi Aramco produced 7.9 million barrels per day of crude oil in 2010 and through its affiliate, Vela International Marine Limited, owns and operates one of the world’s largest tanker fleet to help transport crude oil and refined products. In addition to its headquarters in Dhahran, Saudi Arabia, Saudi Aramco, through its affiliates, has joint ventures and subsidiary offices in China, Japan, India, the Netherlands, the Republic of Korea, Singapore, the United Arab Emirates, the United Kingdom and the United States. Saudi Aramco also refines and distributes petroleum products throughout the Kingdom of Saudi Arabia to meet domestic daily energy demands. For more information, please go to www.saudiaramco.com.
