Inside Issue 49

TADAWUL NEWSROOM

Tadawul

RIYADH, 12 December, 2019

The Saudi Stock Exchange (Tadawul) celebrated the listing of Saudi Aramco’s shares on its Main Market. The ceremony was held at the Fairmont Hotel in Saudi Arabia’s capital, Riyadh, in the presence….

FROM THE ARAMCO NEWSROOM

RIYADH, December 11, 2019

The Saudi Arabian Oil Company (‘Saudi Aramco’ or ‘the Company’) has officially listed on the Saudi Stock Exchange (Tadawul) today, marking the successful Initial Public Offering (‘IPO’) of the Company. Saudi Aramco’s stock symbol ticker is (TADAWUL: ARAMCO) and its shares began trading at SAR32. The Offering process, which concluded on December 4, generated subscriptions by Institutional and individual Subscribers of SAR446billion / USD119 billion, or 4.65 times the total Offer Shares (assuming no exercise of the purchase Option).

King Salman celebrates sustainability

RIYADH, November 13, 2019

Under the patronage of the Custodian of The Two Holy Mosques, King Salman ibn ‘Abd Al-‘Aziz Al Sa’ud, Saudi Aramco has been awarded the King Khalid Award 2019 for Corporate Sustainability. The Yanbu’ Refinery Department (YRD) won top honors in this category and was recognized during the award ceremony in Riyadh on Monday.

CALGARY, CANADA, November 06, 2019

Six Aramcons took home prestigious awards from the Society of Petroleum Engineers (SPE) 2019 Annual Technical Conference and Exhibition held recently in Calgary, Canada. The SPE is the largest individual organization serving managers, engineers, scientists, and other professionals worldwide in the oil and gas industry.

Muhammad M. Al Saggaf speaks about developing strategies

MANAMA, Bahrain, October 10, 2019

Muhammad M. Al Saggaf speaks about developing strategies toward achieving the right balance between continued economic developments and protecting the planet during his keynote address at the Seventh Global HSE Conference and Exhibition in Bahrain last week. Attendees of the seventh Global HSE Conference and Exhibition in Bahrain last week were told that “a strong

ABU DHABI, United Arab Emirates, September 10, 2019

“Your Royal Highnesses, Your Excellencies, distinguished guests, ladies and gentlemen, good morning. I would like to thank our Emirati hosts for their hospitality; and the World Energy Council for organizing yet another outstanding event. Throughout our history, our competitive edge can be summarized in four core attributes: resource abundance, safe production, reliable supply, and affordability

OPTIMIZATION STUDY OF TEMPERATURE LOG FOR FRACTURE HEIGHT EVALUATION

Adrian Buenrostro, Mohammed Al-Abdrabalnabi, Amro E. Mukhles, and Saad M. Al-Driwees

Reprinted with permission Journal of Technology Saudi Aramco

Fracturing is a complex technique utilized to stimulate hydro-carbon reservoirs to enhance their production. The theory, tools, and techniques utilized for fracturing are complex and very specific. With the demanding increase of hydrocarbon production, proppant and acid fracturing are widely implemented, and in some cases, is the unique solution to having commercial production, i.e., unconventional gas reservoirs….

Wael O. Badeghaish, Dr. Mohamed N. Noui-Mehidi, and Oscar D. Salazar

Reprinted with permission Journal of Technology Saudi Aramco

Corrosion in oil and gas operations is generally caused by water, carbon dioxide (CO2) and hydrogen sulfide (H2S), and can be aggravated in downhole applications where high temperatures, combined with H2S, introduce other challenges related to corrosion and iron sulfide scale formation. The repair costs from corrosion attacks are very high and associated failures affect on plant production rates and process integrity. To overcome this existing problem in upstream, nonmetallic composite materials were introduced for drilling, tubular, and completions in high risk, corrosive environments the goal being to increase the well’s life cycle and minimize the effect of corrosion, scale, and friction in carbon steel tubulars. The new proposed materials are lightweight, have high strength, and have superior fatigue resistance, in addition to an outstanding corrosion resistance, which is able to surpass many metallic materials.

Abdul Majid Rasheed passed away earlier this year. Majid was International Editor for EPRasheed and during this period he interviewed senior executives including ex CEO and President of Petrobras Gabrielli of Petrobras and Bertrand President Operations of PetroTrin. Majid paid great attention to detail and had an extensive knowledge of the industry. Majid is survived by four children Abdur Raheem, Selina, Zaynab and Ibraheem

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Issue 49
Issue 49