Sept 16 (Reuters) - Saudi Arabia officials are discussingdelaying Aramco's initial public offering as attacks on thecompany's oil facilities have drastically reduced their output,the Wall Street Journal reported on Monday, citing peoplefamiliar with the matter.

The company is expected to move forward with presentationsto analysts and meetings with bankers as planned. However, Saudi energy officials and Aramco executives are debating arescheduling of the IPO until after the company fully restoresits production to normal levels.

Discussions of a change in the offering's timing have beenconfined to Saudi officials and Aramco executives, the reportsaid.

Yemen's Houthi Group on Saturday claimed responsibility forthe drone attacks on two Aramco's plants. urn:newsml:reuters.com:*:nL5N26505M

Aramco had planned to list 1% shares of the state oil planton the Riyadh stock exchange before the end of this year andanother 1% in 2020, Reuters reported last week. urn:newsml:reuters.com:*:nL5N25Z0SX

Based on the indicated $2 trillion valuation that SaudiAramco had hoped to achieve, a 1% float would be worth $20billion.

(Reporting by Abhishek Manikandan in Bengaluru; Editing by ArunKoyyur) ((Abhishek.Manikandan@thomsonreuters.com; within the U.S. +1646 223 8780, outside the U.S. +91 80 6749 2963;))