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Examples
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Chevron gained 1.33, or 1.3%, to 107.37, while Halliburton added 1.10, or 2.3%, to 49 after saying it expects to step up its activity in Saudi Arabia's Manifa project following talks with the operator.
Stocks Shake Off Their Worries Jonathan Cheng 2011
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The operations of Al-Enaizi Enterprises are mainly carried out by Oilfield and Industrial services where the Manifa project is one of their major ventures for supplying drilling fluid solutions for long reach horizontal wells.
Al-Falak, Al-Enaizi, and Hoshan Group to sponsor EPBL Tourney 2009
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Among the projects being delayed are a $1.2 billion venture to restart the historic Damman oil field, development of the 900,000 barrel per day Manifa oil field, and construction of new refineries at Yanbu and Jubail.
Michael T. Klare: Oil 2009: Be Careful What You Wish For 2009
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"Khurais and Manifa are the last two giants in Saudi Arabia," says Sadad al-Husseini, a former Aramco vice president for oil exploration.
Saudis Face Hurdle 2008
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In three years, Aramco plans to open the spigots on what could be Saudi Arabia's last giant reservoir of crude: the Manifa field that stretches from the kingdom's east coast into the Persian Gulf.
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Most recently, Saudi Aramco announced that approximately 120 MMcf/day of associated gas will be produced from the Manifa field when it comes online in 2011.
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Reportedly, the KGP may double incapacity by 2011 in order to accommodate Karan and Manifa gas.
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After Khurais, Saudi Arabia will have only one known mega-field left to fully develop, the even more challenging Manifa field, offshore in the Persian Gulf.
Saudis Face Hurdle 2008
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The Manifa development has a planned installation of 221 miles of pipeline (gas and crude/condensate).
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Installation of two four pipelines, totaling some 62, miles will connect Manifa to KGP and Ras az-Zour for gas processing and raw power production.
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