Saudi Firms Sign Strategic Energy Agreements with Syria to Revitalise Oil and Gas Sector
Four major Saudi energy companies partner with the Syrian Petroleum Company to deliver technical support and field development across multiple oil and gas sites.
Syria has taken a significant step towards rebuilding its energy infrastructure by signing a series of agreements with four leading Saudi energy companies that will support technical services, field development and production enhancement across vital oil and gas assets.
Under the supervision of the Saudi Ministry of Energy, ADES Holding, TAQA, the Arabian Geophysical and Surveying Company and the Arabian Drilling Company formalised deals with the state-owned Syrian Petroleum Company in Damascus, marking a deepened economic cooperation between the two countries’ energy sectors.
The agreement between ADES Holding and the Syrian Petroleum Company sets out core principles for the development, operation and increased production of multiple gas fields, including Abu Rabah, Qamqam, North Al-Faydh, Al-Tiyas and Zumlat al-Mahar, and provides the framework for final technical service contracts to boost output.
TAQA signed a master service agreement to deliver advanced, integrated solutions for construction and maintenance of oil and gas wells, with modern equipment aimed at improving operational efficiency and capacity.
The Arabian Geophysical and Surveying Company agreed to provide 2D and 3D seismic surveying and related technical services to support exploration and drilling, establishing a long-term cooperation structure to expedite technical projects.
The Arabian Drilling Company’s agreement focuses on the provision of onshore drilling and workover services, including the supply and operation of rigs, operational support and the training of local workforces in drilling operations.
These accords build on memoranda of understanding signed in late August under broader energy cooperation frameworks and reflect both countries’ commitment to leveraging technical expertise and investment to restore and expand Syria’s hydrocarbon production base.
The partnerships come amid Damascus’s broader efforts to attract regional investment and expertise to address the substantial damage to its energy infrastructure from years of conflict, with officials projecting that the collaboration will enhance production, generate employment and contribute to wider economic recovery objectives.
By enlisting Saudi technical know-how and capital, Syria aims to revitalise a sector critical to its energy security and economic stability, while Riyadh underscores its role as a regional partner in reconstruction and energy development.
Under the supervision of the Saudi Ministry of Energy, ADES Holding, TAQA, the Arabian Geophysical and Surveying Company and the Arabian Drilling Company formalised deals with the state-owned Syrian Petroleum Company in Damascus, marking a deepened economic cooperation between the two countries’ energy sectors.
The agreement between ADES Holding and the Syrian Petroleum Company sets out core principles for the development, operation and increased production of multiple gas fields, including Abu Rabah, Qamqam, North Al-Faydh, Al-Tiyas and Zumlat al-Mahar, and provides the framework for final technical service contracts to boost output.
TAQA signed a master service agreement to deliver advanced, integrated solutions for construction and maintenance of oil and gas wells, with modern equipment aimed at improving operational efficiency and capacity.
The Arabian Geophysical and Surveying Company agreed to provide 2D and 3D seismic surveying and related technical services to support exploration and drilling, establishing a long-term cooperation structure to expedite technical projects.
The Arabian Drilling Company’s agreement focuses on the provision of onshore drilling and workover services, including the supply and operation of rigs, operational support and the training of local workforces in drilling operations.
These accords build on memoranda of understanding signed in late August under broader energy cooperation frameworks and reflect both countries’ commitment to leveraging technical expertise and investment to restore and expand Syria’s hydrocarbon production base.
The partnerships come amid Damascus’s broader efforts to attract regional investment and expertise to address the substantial damage to its energy infrastructure from years of conflict, with officials projecting that the collaboration will enhance production, generate employment and contribute to wider economic recovery objectives.
By enlisting Saudi technical know-how and capital, Syria aims to revitalise a sector critical to its energy security and economic stability, while Riyadh underscores its role as a regional partner in reconstruction and energy development.
