Saudi Aramco has signed agreements with a number of oil and fuel service contractors for oil and fuel mega-projects designed to reinforce the corporate’s vitality sustainability, diversify the financial system, broaden fuel manufacturing, and localize home content material. The agreements are valued at almost $four.5 billion in whole.

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Eight agreements have been signed, together with three agreements with Madrid-based Técnicas Reunidas beneath the Gas Compression Program within the Southern Area. The venture will enhance and maintain fuel manufacturing from Haradh and Hawiyah fields for the subsequent 20 years by bringing an extra 1 Bscfd. The Hawiyah Gas Plant (HGP) Expansion Project will present extra fuel processing amenities to course of uncooked candy fuel, to effectively meet the Kingdom's vitality demand. The contract can be awarded to the Italian agency SNAMPROGETTI (Saipem). Other agreements signed at the moment cowl the Free Flow Pipeline Contract for Haradh and Hawiyah (with China Petroleum Pipelines Company); engineering and venture administration providers for the Zuluf Field Development Program (with Jacobs Engineering Inc.); the Pipeline and Trunk line Project of Safaniyah Field (with Abu Dhabi-based National Petroleum Construction Company (NPCC); and the Slipover Platforms and Electrical Distribution Platform Project in Safaniyah Field (with McDermott Middle East).

Source: www.worldoil.com

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