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Category Archive: Saudi Aramco News

Jazan Economic City to Become a key Contributor to Saudi Economy

25 February 2015 | comments (0) | Saudi Aramco News | by

Saudi Aramco News

Jazan Economic City will become a key contributor to Saudi Arabia’s economy as current infrastructure and projects development will provide a solid base for further investments in heavy and secondary industries, petrochemicals, mining and conversion industries, Khalid A. Al-Falih, president and CEO, Saudi Aramco said at the Jazan Economic Forum (JEF) today in Jazan City, southwest of Saudi Arabia.

The forum is being attended by over 500 Saudi Arabian and foreign dignitaries and business leaders, and is showcasing investment opportunities at the Jazan Economic City (JEC) project.

The Forum was inaugurated by HRH Prince Mohammed bin Nasser bin Abdulaziz Al Saud, Governor of Jazan Province, HE Ali bin Ibrahim Al-Naimi, Minister of Petroleum and Mineral Resources, HE Abdullatif A. Al-Othman, Governor of Saudi Arabian General Investment Authority (SAGIA) and Saudi Aramco’s Al-Falih.

In his opening remarks, Al-Falih said the company was proud to play a key role in the development of Jazan. He said Jazan Economic City was part of the Saudi Government’s vision to create economic bases across the Kingdom to achieve a diversified economy and balanced regional development. “The Jazan Economic City vision seeks to invest in the region’s natural resources, diverse geographic features and human resources to make a major positive difference to the area’s future, so that Jazan will become a significant contributor to the Kingdom’s economy,” said Al-Falih.

According to Al-Falih, Saudi Aramco will build Phase I of the project which will include smart infrastructure to meet energy, utilities and transportation requirements of a diverse industrial base. “Saudi Aramco has been entrusted to build Jazan’s strategic infrastructure through the development of a refinery and terminal, a power plant, a commercial seaport, a water desalination plant, roads and water and sanitary drainage systems, in addition to connecting electricity,” he said.

Jazan’s rich endowment of mineral and agricultural resources makes it ideal for the region to prosper and thrive into a major economic city in the Kingdom, he added.

Al-Falih also said that Saudi Aramco has taken a pro-active approach to human capital development for the Jazan people by launching a number of training initiatives to create a highly-capable and qualified workforce, drawn primarily from the area’s youth, to fill jobs in all stages of the project. These skills and training initiatives began in 2014 when Saudi Aramco and the Technical and Vocational Training Corporation (TVTC) signed the agreement of the Jazan Contractors Alliance for Training and Employment, also known as “Maharat” by launching two training institutes.

“The Saudi Aramco – TVTC alliance is an innovative strategic partnership with the refinery project’s contractors to train and employ 5,000 young people from Jazan in various construction-related professions and crafts over four years. Longer term, we aspire for the number of jobs available in Jazan to reach 75,000,” said Al-Falih.

Forum to Feature Insights to Vast Opportunities at Jazan Economic City

24 February 2015 | comments (0) | Saudi Aramco News | by

Saudi Aramco News

Jazan Economic Forum (JEF) taking place from February 25 – 26 in Jazan City will offer delegates two full days of comprehensive information on the Jazan Economic City (JEC) project with presentations by subject matter experts.

The speakers will provide delegates strategic insights on the JEC project and the vast investment opportunities to be seized, paving way for the development of a region with a high potential for economic growth.

The Forum will begin with overarching statements by H.E. Ali Ibrahim Al-Naimi, Minister of Petroleum & Mineral Resources; HE Abdullatif A. Al-Othman, Governor of Saudi Arabian General Investment Authority (SAGIA); and Khalid Al Falih, President & CEO of Saudi Aramco. This would be followed by a keynote address by HRH Prince Muhammad bin Nasser bin Abdulaziz Al Saud, Amir of Jazan Province,.

Over the two days, several panel sessions have been lined up, covering key discussion elements of the JEC project. These include presentations on Jazan Investment Incentives, the Jazan Economic City Vision, Strategy, and Value Proposition, Pioneer Investors, Leveraging Public-Private Partnerships, and Investing in Skills: Powering High Industries and Value Jobs.

One of the keynote speakers is HRH Prince Sultan bin Salman, President & Chairman of the Board of the Saudi Commission for Tourism and Antiquities, who will deliver a presentation entitled “Quality of Life : The Ultimate Goal.” Prince Salman will discuss how the Jazan Region could quantum leap into a dynamic tourism hotspot, fueled by the development of the JEC project. Known as the Pearl of the South, Jazan Province features high mountains with perennial green cover which include spectacular waterfalls, lakes and pristine beaches in the outlying islands nearby.

The Forum will also see youth participation with a total of 160 volunteers from Jazan University involved in various capacities to ensure smooth operations of the two-day event. This represents one of the forum’s aspirations itself which is to see the involvement of as many local Jazan people as possible in driving the event.

In conjunction with the JEF, Saudi Aramco’s King Abdulaziz Center for World Culture is hosting a set of public programs for the community of Jazan. The King Abdulaziz Center’s iThra Lab will offer children and youth of all ages the opportunity to design, program and fabricate their own creations from February 22 – 26 at the Al Rashid Mall. On February 28, the community is invited to the iThra Youth Forum to explore the creative side of science, engineering, arts and culture through experimentation and hands-on activity.

Covering an area of 106 km2, the Jazan Economic City occupies a strategic coastal location approximately 70 km from Jazan City in a region known for its abundant natural resources. The project represents a multibillion-dollar investment by the Government of Saudi Arabia to fast-track the growth of Jazan, a region that is well positioned as a strategic gateway to the Kingdom. The first phase of the JEC project includes the 400,000 bpd Jazan Refinery, a 2,400 MW power generation plant and a sea port.

SAUDI ARAMCO and KFUPM to Develop New Petroleum Engineering Program

23 February 2015 | comments (0) | Saudi Aramco News | by

Saudi Aramco News

Saudi Aramco and King Fahd University of Petroleum and Minerals (KFUPM) recently signed a framework agreement in support of a new Petroleum Engineering and Geosciences college program.

Members of the International Advisory Board (IAB) witnessed the official signing conducted by HE Dr. Khaled S. Al-Sultan, rector of KFUPM, and Saudi Aramco president and CEO Khalid A. Al-Falih.

Saudi Aramco’s EXPEC ARC (Advanced Research Center) and KFUPM have been jointly working together to develop the college framework and key features. The proposed program will consolidate the existing departments of Petroleum Engineering, Earth Sciences and the Research Institute Center of Petroleum and Minerals at KFUPM into one unified college.

The goal is to deliver a world-class educational and research program that strengthens the connection between the university and the petroleum industry.

The new program aims to move beyond simply delivering a university level education in Petroleum Engineering and Geosciences and move toward a new educational model that brings faculty, students and industry closer together to address business and technical solutions to the oil and gas industry, nationally and globally in a collaborative and cross-disciplinary manner.

The framework agreement calls for the college to become recognized among the top five colleges in Petroleum Engineering and Geosciences worldwide within 5 to 10 years.

And at maturity, it will have about 90 faculty members and research scientists and engineers, including globally recognized faculty from Saudi Arabia and respected educational institutions worldwide. The student population is expected to reach about 400, of which 240 will be graduate students.

Forum To Be Catalyst for Investment Opportunities in Jazan Economic City

19 February 2015 | comments (0) | Saudi Aramco News | by

Saudi Aramco News
  • Jazan Economic Forum will showcase the Jazan Economic City vision, strategy and value proposition.
  • JEF will be attended by high-level government, business and community leaders.
  • JEF will present Jazan Economic City and its investment opportunities for businesses and the people of Jazan.
  • JEF will highlight Kingdom’s effort promoting economic diversification and job creation.

Jazan City, in the south-western Province of Jazan in Saudi Arabia, will host the Jazan Economic Forum on February 25-26, 2015 to discuss the investment opportunities and development potential of the Jazan Economic City, a multi-billion dollar investment project aligned to the Kingdom’s national balanced economic development objectives.

Held under the patronage of HRH Prince Muhammad bin Nasser bin Abdulaziz, Emir of Jazan Province, the two-day Jazan Economic Forum will be a catalyst to stimulate growth by highlighting the compelling vision for the future of Jazan Economic City and giving investors a clear understanding of the city’s value proposition. Distinguished experts will describe in detail the investments being made in a new industrial base and world-class infrastructure. Ministers and other dignitaries will address the industrial and workforce initiatives that are being mobilized and the innovative regulatory environment that will add to the appeal of the city.

Covering an area of 106 square kilometers, the Jazan Economic City occupies a strategic coastal location approximately 70 kilometers from Jazan City in a region known for its abundant natural resources. The project represents a multibillion-dollar investment by the Government of Saudi Arabia and the private sector to fast-track the growth of Jazan, a region that is well positioned as a strategic gateway to the Kingdom.

The current investment in JEC, scheduled for completion in 2017, focuses on smart infrastructure to meet the energy, utilities and transportation requirements of a diverse industrial base. Among its features are a new sea port and terminal, a 400,000 barrels per day multibillion-dollar refinery, and a new 2,400 MW power generation plant to meet the substantial increase in energy supply requirements to the national grid. A new airport and a 660 km Jazan-Jeddah coastal highway will complement these developments.

The Jazan Economic Forum is sponsored by the Ministry of Petroleum & Mineral Resources and the Emirate of Jazan Province, and organized by Saudi Aramco.

The Forum’s official website is jazaneconomicforum.net.

POSH: Technology Puts Eyes on Northern Area Well Sites

16 February 2015 | comments (0) | Saudi Aramco News | by

Saudi Aramco recently inaugurated its first Production Operations Surveillance Hub (POSH) at Ju’aymah Industrial Complex in the Northern Area.

The new hub will augment the onsite monitoring of well site equipment by production engineers at well sites around the Northern Area fields with real-time information from production wells and fields. By centralizing all surveillance in a single hub, will be able to anticipate and respond to problems more quickly, manage its equipment and assets more efficiently, and maintain the reliability of the Kingdom’s hydrocarbon resources.

“By developing and using our own intelligent field technologies, we are not only increasing the reliability of our equipment; we are demonstrating our capacity to be a reliable global supplier of energy,” said Nasir K. Al-Naimi, vice president of Northern Area Oil Operations.

“POSH will provide advanced alerts to production engineers in the field, allowing us to work smarter and use our equipment, resources and people more efficiently and effectively,” said Naji A. Al-Umair, manager of the Northern Area Production Engineering and Well Services Department.

Saudi Aramco was one of the first major oil companies to grasp the significance of intelligent field technologies and deploy them. Seeing the benefits in enhancing operations, the company has deployed intelligent field technology over the past decade in the following ways:

  • Smart well completions.
  • Permanent downhole monitoring systems.
  • Single, dual and multiphase flow meters.
  • Pressure and temperature transmitters.
  • Fiber optic and wireless data transmission systems.
  • Real-time data warehouses and data mining.

Although individual technologies have been deployed at company well sites over the past decade — making it possible to minimize costs and shut-in time during interventions — the industry is still looking for the most effective way to integrate all these technologies into a single solution that can give production engineers the ability to make effective decisions based on real-time data.

This is where a surveillance hub such as POSH can make a significant difference.
How POSH assists production

The POSH team will consist of four surveillance engineers who focus on four key themes:

  • Wells and field production management.
  • Intelligent field equipment and data health surveillance.
  • Electrical submersible pump equipment performance monitoring.
  • Field activity tracking and coordination.

POSH engineers can assist production engineers in the field anticipate and react to equipment and other well site issues as they occur.

For example, with the wells and fields production management focus area, well-performance surveillance will be continuous and pre-diagnostics alerts will be generated automatically, giving field teams the information and recommendations they need to apply optimum solutions. This is a vast improvement over the present system.

With the Intelligent Field Data Reliability Application, a surveillance engineer in Ju’aymah can monitor the health of intelligent field equipment and generate key performance indicators about nodes of data and the quality of data.
POSH’s monitoring of electrical submersible pumps tackles day-to-day diagnostics and contributes to achieving target rates by maximizing production and avoiding costly equipment failure.

POSH will also help production departments track and coordinate field activities with a SAP-based enterprise solution that integrates and streamlines business processes for well and field services. Called the Well and Field Automation Project (WAFA), this solution will improve the business planning process, optimize the scheduling of jobs, enhance jobs completion efficiency and maximize the utilization of resources.

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