- ARAB NEWS
- 24 Apr 2024
Since 1975
Arab News
RIYADH: The Saudi oil giant Aramco asked companies to send their technical and financial offers for a water desalination plant project in the Jafurah gas field, with a capacity of about 100,000 cubic meters per day, a banking source told CNBC Arabia.
This reflects the company’s latest step to move forward in developing the field to will contribute to energy transition toward cleaner economy by reducing carbon emissions.
The project is expected to be contested by a group of local and international companies, including ACWA Power, Veolia and Suez, the source said. The date for selecting the winning bid to implement the project is expected to be later in mid-March.
The cost of the Jafurah field is estimated at $110 billion and contains reserves estimated at 200 trillion cubic feet. Aramco expects, according to its official website, to start production in 2024.
