Aramco Issues $7 Billion of Contracts for Wasit, Riyadh Reports

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Saudi Aramco has spent around 26.3 billion Saudi riyals ($7 billion) on contracts to develop the Wasit offshore natural-gas field, al-Riyadh said, citing Khalid Halwani, a consultant at a sub-contracting company involved with the project.

Italy’s Saipem SpA got the main contract for drilling, extracting and recovering gas from the field, valued at 17.2 billion riyals, Halwani told the newspaper.