Shaybah field comes on-stream
Although discovered in 1968, the Shaybah oil field, 800 kilometers south of Dhahran, requires the passage of 27 years for economic conditions and improvements in drilling and other technologies to make development of the field feasible. Development begins in 1995 and in July 1998, one year earlier than planned, the Shaybah oil field comes on-stream.
Merger produces Motiva Enterprises, LLC
Superseding a previous joint venture established a decade earlier known as Star Enterprise, Saudi Refining Inc. (SRI), a subsidiary company, and Texaco merge their Star Enterprise joint venture with Shell Oil assets in the United States to form Motiva Enterprises, LLC.
Advanced oncology treatment center opens
We complete work on an oncology treatment center to enhance medical care at the Dhahran Health Center.