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Saudi Aramco inks contracts worth $4.5 billion

By  AOG Staff Saturday, 11 November 2017 01:37
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Saudi Aramco signed agreements with several oil and gas service contractors for oil and gas megaprojects designed to expand gas production, and localize domestic content, the company said.

The agreements are valued at nearly $4.5 billion in total.

Eight agreements were signed, including three agreements with Madrid-based Técnicas Reunidas under the Gas Compression Program in the Southern Area.

The project will improve and sustain gas production from Haradh and Hawiyah fields for the next 20 years by bringing an additional 1 billion Scf/d.

The Hawiyah Gas Plant (HGP) Expansion \pProject will provide additional gas processing facilities to process raw sweet gas, to efficiently meet the Kingdom's energy demand. The contract will be awarded to the Italian firm Saipem.

Other agreements signed cover theFree Flow Pipeline contract for Haradh and Hawiyah engineering and project management services for the Zuluf Field Development Program; the Pipeline and Trunk line Project of Safaniyah field; and the Slipover Platforms and Electrical Distribution Platform Project in Safaniyah field, with McDermott Middle East.

Image: Saudi Aramco

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