RIYADH: Under the supervision of the Ministry of Energy, four Saudi companies signed agreements on Dec. 10 with the Syrian Petroleum Co. covering technical support, development, and production in Syria's oil and gas fields.
The Saudi companies are: TAQA, ADES Holding Co., Arabian Drilling Co., and Arabian Geophysical & Surveying Co.
These agreements come as an extension of the existing cooperation between the Kingdom and the Syrian Arab Republic in the energy sector, and within the framework of implementing the memoranda of understanding signed on Aug. 28, and the resulting workshops and field visits to related fields and facilities.
The agreements signed include an agreement between ADES Holding Co. and the Syrian Petroleum Co., which defines the fundamental principles for the development, operation, and production of gas fields.
It aims to establish the principles and terms that will form the basis for the final technical service contract, and the development and operation of gas fields and associated facilities in the contract area to increase current production.
This includes five gas fields: Abu Rabah, Qumqum, North Al-Faidh, Tayyas, and Zamlah Al-Mahr, and any other area agreed upon by both parties later.
A master services agreement between TAQA and the Syrian company was also forged to provide advanced and integrated solutions and services for building and maintaining oil and gas fields and wells in Syria.
This agreement aims to enhance operational efficiency and increase oil and gas production through integrated and advanced solutions for well construction and maintenance, following the latest global technologies and using the latest equipment.
Another master services agreement with the ARCAS was signed, aiming to provide technical services in the field of 2D and 3D seismic surveying services to support exploration and drilling efforts in the oil and gas sector.
It also aims to establish a long-term strategic cooperation framework to support and propel oil exploration and develop the Syrian energy industry, ensuring rapid response and flexibility, as well as facilitating the swift commencement of technical projects.
The last agreement on fundamental principles was signed with the Arabian Drilling Co. to provide oil and gas well drilling and maintenance services in Syria, through the leasing and operation of platforms for drilling and maintaining onshore oil and gas wells.
Under this agreement, the Arabian Drilling Co. will provide platforms for drilling onshore wells, platforms for providing related maintenance services, as well as providing necessary maintenance services, operational support, and training and development of the national workforce.
