PETROCONSULTANCY
PETROCONSULTANCY has operated in the Kingdom of Saudi Arabia ("KSA") and the Gulf region since the early 2000’s. Our mission: aligning with ‘best in class’ organizations interested in expanding into KSA and the broader Gulf region. Depending upon a particular company’s needs and strategic plans, PetroConsultancy and its affiliates serve as exclusive agent in KSA or the broader Gulf and MENA region, or as a local joint venture partner with oil related business. PetroConsultancy is headquartered in the Capital city of Riyadh, Saudi Arabia.
The importance of the MENA and the Gulf region, especially the Kingdom of Saudi Arabia cannot be emphasized. Saudi Arabia boasts the world’s largest proven reserves of oil and gas, comprising more than 280 Billion barrels of oil, based on current engineered estimates. It is the leading producing member of OPEC, and the largest exporter of crude oil to the developed world, with current production targeted just over nine million (9,000,000) barrels of oil per day. Total production capacity is now twelve and one-half million (12,500,000) barrels of oil per day. Known gas reserves are 249 trillion cubic feet, and gas demand is expected to reach 14.5 bcf/day in coming years, compared to 5.5 bcf presently. Despite recent turmoil in world markets, Saudi Arabia (and Saudi Aramco) continues to invest in the future.
While market conditions certainly impact decision-making and the financial viability of projects, Saudi Aramco has maintained most investment plans related to production increases, particularly preparing for the future offshore. Investment is also focused on creating the infrastructure necessary for Saudi Arabia to remain competitive over the long-term, including clusters of petrochemical activity and the requisite production of natural gas to fuel growth. In this regard, PetroConsultancy maintains a long-term contractual relationship with Saudi Aramco ("Aramco"), which provide an extensive array of projects, products and services to Saudi Aramco.
Our staff assists oil related companies with whom we work, targeting specific oil related opportunities. Our understanding of local registration processes, prequalification requirements of Saudi Aramco ("Aramco") and in-Kingdom logistics is of value to enterprises seeking to enter this market. As a Saudi Aramco-familiar supplier/contractor PetroConsultancy maintains up-to-date access to Saudi Aramco’s Electronic Contractor Network, a tool available to in-Kingdom suppliers.
