Saudi Arabia plans to expand capacity at two oil fields by a combined 550,000 b/d, Saudi Aramco Chief Executive Khalid al-Falih said on 5 March, reports Argus. The company is already developing the 900,000 b/d Manifa project, which will come onstream this year and hit full output in 2014. Al-Falih says all three projects are aimed at offsetting field declines, and not at boosting overall Saudi capacity.
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