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FINANCIAL NEWS
Aramco awards Tecnicas, Petrofac USD4.7b worth of contracts
16 Sep 2015
(MENAFN) Spain’s Tecnicas Reunidas and Britain’s Petrofac have been awarded contracts worth USD4.7 billion to build the Fadhili gas plant in Saudi Arabia for state oil company Saudi Aramco.
The new plant will have a processing capacity of 2.5 billion standard cubic feet per day (scfd) of sour gas from the onshore Khursaniyah and offshore Hasbah fields, industry sources said.
The project is divided into three construction phases for the gas processing unit, utilities and offsite facilities such as nitrogen, steam, power and water systems, and sulfur recovery.
The Spanish firm won the two packages in which it bid solo: For the gas processing unit for as much as USD2 billion and for utilities and offsites, worth as much as USD1 billion.
According to the first industry source and three sources confirmed that Britain’s Petrofac won the package for the third phase which is sulphur recovery worth as much as USD1.7 billion.
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