2019-07-12 07:45:00
SAUDI ARAMCO, SAIPEM CONTRACT $3.5 BLN
MEOG - As part of its larger increment programmes for Marjan and Berri, Saudi Aramco has awarded Saipem two EPCI contracts worth more than $3.5bn.
Saipem's Onshore E&C division will develop land facilities of Berri and Marjan gas fields. The first contract, for Berri field, involves the installation of new process units to expand the Abu Ali oil-gas separation plant on Abu Ali island, around 50 km north of Ras Tanura refinery, and the expansion of the Khursaniyah gas treatment plant.
The second contract is related to the Marjan field, and involves the construction of a gas treatment unit and another unit to recover acid gases for sulphur production. The treatment of acid gases will almost completely eliminate the release of sulfur oxides into the environment: more than 99.9% of the gases will be recovered and CO2 emissions into the atmosphere will comply with the most stringent international standards.
"The awarding of these new complex contracts testifies to the evolution of our historic relationship with Saudi Aramco and confirms the strategic positioning of Saipem in the Middle East," said Saipem CEO Stefano Cao. "In the tough context of recent years, Saipem has demonstrated a constant commitment to sustainable economic growth through technological innovation.
"This commitment allows for the realization of industrial processes to exploit natural resources with maximum respect for the environment and the reduction of the carbon footprint."
-----
Earlier:
2019, July, 9, 16:35:00
SAUDI ARAMCO CONTRACTS $18 BLN
Saudi Aramco has awarded 34 contracts with a total value of $18 billion for the engineering, procurement and construction of the Marjan and Berri increment programs. The company plans to boost the Marjan and Berri fields’ production capacity by 550,000 barrels per day of Arabian Crude Oil and 2.5 billion standard cubic feet a day (BSCFD) of gas.
2019, June, 28, 12:10:00
SAUDI ARABIA, S.KOREA COOPERATION $8.3 BLN
The countries signed an $8.3 billion economic cooperation pact that included a $6 billion deal between Saudi Aramco and the Korean company S-Oil to build an oil refinery and downstream petrochemical facilities in South Korea.
