Oil Saudi
Oil and Gas Marketplace: middle east, arab gulf, Africa Oil and Gas

Investment: News for Oil & Gas and Hydrocarbon Industries 

Products and vendors Services and providers Information Technology
  Home  |  Business Center  |  Career Center  |  News   |  Events   |  My Account

Saudi Aramco Signs US$4.5B Agreements for Oil and Gas Megaprojects
Source: www.gulfoilandgas.com 11/9/2017, Location: Middle East
Investment

Saudi Aramco signed agreements with several oil and gas service contractors for oil and gas megaprojects 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 billion standard cubic feet per day (scfd).

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 theFree 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).

Saudi Aramco President and CEO Amin H. Nasser said: “These agreements we signed are part of our natural gas expansion, as we add about 1 billion standard cubic feet per day (scfd). This reflects our commitment to introducing new supplies of clean-burning natural gas. These new supplies will help reduce domestic reliance on liquid fuels for power generation, enable increased liquids exports, provide feedstock to petrochemical industries, and reduce carbon emissions.”

Nasser added: “Investments like these help secure Saudi Aramco’s preeminent position as a reliable supplier of energy domestically and to the world. They also reflect our concerted effort, as stated in Saudi Vision 2030, to diversify our economy, promote local manufacturing, support a sustainable environment, and strengthen our business and investment climate with the domestic private sector through fruitful international partnerships.”


Saudi Arabia Oil & Gas 1 >> Saudi Arabia Oil & Gas 2 >> Saudi Arabia Oil & Gas 3 >> Saudi Arabia Oil & Gas 4 >> Saudi Arabia Oil & Gas 5 >> Saudi Arabia Oil & Gas 6 >> Saudi Arabia Oil & Gas 7 >> Saudi Arabia Oil & Gas 8 >> Saudi Arabia Oil & Gas 9 >> Saudi Arabia Oil & Gas 10 >> Saudi Arabia Oil & Gas 11 >> Saudi Arabia Oil & Gas 12 >> Saudi Arabia Oil & Gas 13 >> Saudi Arabia Oil & Gas 14 >> Saudi Arabia Oil & Gas 15 >> Saudi Arabia Oil & Gas 16 >> Saudi Arabia Oil & Gas 17 >>

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 






Aramco Close to Awarding Gas Project Contract to Tecnicas Reunidas
Saudi Aramco Converts Jeddah Refinery to Products Distribution Hub
Aramco and SABIC Sign MOU for $20 Billion Oil-to-Chemicals Project
Saudi Aramco Supplied 1 Million Barrels of Crude to Egyptian Refineries
Natural Gas
Oil & Gas Companies
Oil Treating & Refining

Oil Saudi E-Marketplace - Subscription Packages - Benefits

Copyright © Universal Solutions S.A.E. All rights reserved. Privacy Policy. - Contact Us