Saudi Aramco signs $4.5 billion worth of agreements for oil, gas mega-projects

11/9/2017

DHAHRAN -- Saudi Aramco has signed agreements with several oil and gas service contractors for oil and gas mega-projects designed to enhance the company’s energy sustainability, diversify the economy, expand gas production, and localize domestic content. 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 Bscfd. The Hawiyah Gas Plant (HGP) Expansion Project 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 SNAMPROGETTI (Saipem). Other agreements signed today cover the Free Flow Pipeline Contract for Haradh and Hawiyah (with China Petroleum Pipelines Company); engineering and project management services 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).

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