GulfBase Live Support
Saudi Aramco has signed agreements worth around $4.5bn with several contractors for oil and gas mega projects.
The objective of the projects is to enhance the company’s energy sustainability, diversify the economy, increase gas production, and localise domestic content.
A total of eight agreements were signed, including three agreements with Spanish firm Técnicas Reunidas under the Gas Compression Programme in the Southern Area.
As part of the project, Aramco aims to improve gas production from Haradh and Hawiyah fields for the next 20 years by producing an additional 1.3 billion standard cubic feet per day (bscfd).
Saudi Aramco president and CEO Amin Nasser said: “These agreements we signed are part of our natural gas expansion, as we add about one billion standard cubic feet per day (bscfd).
“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.”
The scope of the compression programme includes installing gas compression facilities and liquid separation stations, as well as transmission lines to Haradh and Hawiyah gas plant.
In addition, the programme will feature an expansion of the existing gas gathering pipeline network.
Under the Hawiyah gas plant (HGP) expansion project, the company intends to create additional gas processing facilities to process 1,070 million standard cubic feet per day (mmscfd) of raw sweet gas, aimed at meeting the Kingdom’s energy demand.
Works as part of the contract will be carried out by Italian firm Saipem’s subsidiary Snamprogetti.
It is expected that the processing facilities will come on stream by June 2021, increasing the total production at HGP to around 3,860mmscfd.
Meanwhile, the free flow pipeline contract for Haradh and Hawiyah was awarded to China Petroleum Pipelines Company.
The UAE’s biggest convenience-store operator has announced it is going to sell 10 percent of its shares on the Abu Dhabi Securities Exchange (ADX) in an initial public offering (IPO) that could value
Saudi Aramco participates as a strategic sponsor in the two-day Saudi Supply Chain Conference in Riyadh at Al-Faisaliah Hotel. It winds up today (Nov. 14). The event was organized by the Ministry of
UAE's National Petroleum Constructions Company (NPCC) said it has been awarded a Dh1.2 billion ($326 million) engineering, procurement and construction (EPC) contract for an offshore platforms and tw
Sharjah-based energy company Dana Gas says its affiliate Crescent Petroleum’s facilities are ready for the import of gas from Iran, should the National Iranian Oil Company (NIOC) indicate its willing
Emaar Development IPO-EMAA.DU, a unit of Dubai property firm Emaar Properties EMAR.DU, priced its initial public offer of shares below the mid-point of an indicative price range, valuing the deal at
Jarir Marketing Company announces that The Board of Directors decided By Scrolling on 26/02/1439 corresponding to 15/11/2017 to appoint the Managing Director Mr. Abdullah bin Abdulrhman Al-Agil as a
Gulf Pharmaceuticals Industries, Julphar, announced net profit of Dh86 million for the first nine months of 2017 in a statement to Abu Dhabi Securities Exchange.
Over the same period the f
Zain Bahrain, a leading telecommunications provider in the Kingdom, and K Hotel, operated by the Gulf Hotels Group, signed an enterprise partnership for full connectivity solutions to serve the hotel