Almar Water Solutions secures Aramco Zuluf water treatment expansion in $940 million project
AI Market Summary
Almar Water Solutions won Aramco's US$940m Zuluf water treatment phase-2 expansion, lifting injection-water capacity to ~308k m³/day under a BOOT concession through 2050. The project strengthens upstream operating reliability and supports stable production at a key Saudi field, marginally improving confidence in medium-term supply continuity. Near-term market impact is indirect but supportive for crude risk premia tied to operational disruptions.
Impact level
● Medium
Affected assets
NCCO1OILBRENT2USD/USDT-2.23%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▲ Bullish
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Almar Water Solutions has won the second-phase expansion of Aramco’s Zuluf oilfield water treatment project, with a total investment of $940 million. The expansion will add about 308,000 cubic meters per day of new treatment capacity, or 1.9 million barrels of water per day, to support injection water supply needed for crude production. It follows a first phase launched in 2023 with a capacity of 185,000 cubic meters per day. The project will run under a BOOT structure through 2050.
