Last night, Aramco confirmed what we’ve been tracking for months: $11 -- with a BlackRock-led consortium for Jafurah gas assets.
Here’s what most headlines won’t tell you
The $80+ across Jafurah’s 3 phases is where the real action is.
:
$100+ → Jafurah is one of the world’s largest shale gas projects outside the U.S.
1 (2021–2025):
Foundations laid with gas processing plants, pipelines, and wells—crucial to meeting Saudi Aramco’s target of producing 2 billion scfd of gas by 2030.
2 ( ):
→Larsen & Toubro Energy (India): $3.9B gas processing & compression
→Hyundai Engineering (South Korea): $2.4B utilities & offsites
→Técnicas Reunidas (Spain): $3.2B NGL fractionation
3 ( ):
Billions remain open—drilling systems, compression, digital integration, and NGL technologies. Baker Hughes has already landed key compression technology orders.
’ :
→60% Gas Output Surge: Aramco’s 2030 plan is heavily tied to Jafurah.
→Premium Economics: 327 bbl condensate per mmscf → 2–3x U.S. shale benchmarks.
→Technology Race: IoT sensors, digital twins, high-capacity compressors, seawater-based fracking.
→IKTVA Mandates: Saudi requires local partnerships & content commitments.
→20-Year Contracts: Lease models prioritize long-term agreements, not one-off bids.
:
This isn’t just one project—it’s the template for $500B+ in Gulf energy infrastructure financing through 2030. Expect Saudi, UAE, Qatar, and Kuwait to replicate this playbook.
:
Phase 1 laid the foundation. Phase 2 is moving fast. Phase 3 is still open. The $11B BlackRock deal is only the surface—the $80B+ procurement wave is still wide open.
At ThriveWize, we help suppliers:
✔ Decode Gulf procurement shifts
✔ Align with IKTVA & ESG compliance
✔ Build local partnerships
✔ Secure long-term recurring contracts
Reach us: info@thrivewize.com
Download our latest Gulf Business Guide here: thrivewize.com/downloads
DM me to explore how to position for Jafurah + Gulf-wide opportunities.
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