Gulf Oil and Gas accountACCOUNT

Saudi Aramco Sets Bids to Expand Hawiyah Gas Plant

Source: Reuters 8/16/2017, Location: Middle East

Share |
Saudi Aramco has received bids from international engineering firms to expand the Hawiyah gas plant, industry sources said. They said the companies that submitted their proposals, on Sunday, were: South Korean Samsung Engineering, Spain's Tecnicas Reunidas, Taiwan's CTCI, Italy's Saipem, Britain's Petrofac, India's Larsen & Toubro (L&T).

South Korea's Hyundai Engineering and Hyundai Development Co Engineering & Construction (HDEC) bid together as a consortium. Saudi Aramco said it would not comment as did Hyundai and Petrofac. Tecnicas Reunidas was not available for comment.

L&T and Samsung Engineering confirmed to Reuters they bid for the project. Aramco plans to expand the processing capacity at Hawiyah by 1.3 billion standard cubic feet per day (scfd). It currently processes 2.5 billion scfd of gas. Companies will submit bids next week to build gas compression stations at Haradh and Hawiyah.

The expansion of the Hawiyah gas plant and the new gas compression stations at Haradh and Hawiyah is expected to cost more than $4 billion, industry sources estimated. Hawiyah and Haradh are part of Ghawar, the world's largest onshore oilfield.

Raising gas production is key to Saudi Arabia's plan to diversify its energy mix by cutting the use of crude oil and liquids for power generation while allocating more gas to other industries it aims to develop.

Despite falling oil prices, Saudi Aramco is pushing ahead with oil and gas projects that it has highlighted as a priority for the long term to keep the world well supplied with oil while meeting gas demand domestically. It plans to nearly double gas production to 23 billion standard cubic feet a day in the next decade.

Its CEO Amin Nasser said last month the firm plans to invest more than $300 billion over the coming decade to reinforce its pre-eminent position in oil, maintain spare oil production capacity, and pursue a large exploration and production program centering on conventional and unconventional gas resources.

But apart from those targets, Aramco also aims to enhance its long-term revenues by building a diversified growth platform and through international gas opportunities, it said last week in a statement in its internal publication, the Arabian Sun.

Gas Processing >>

Gas Processing News in Saudi Arabia >>

Kuwait >>  11/15/2017 - With a double-digit million euro volume, MAN Diesel & Turbo has won an order for nine compressor trains for the state-owned Kuwait Oil Company (KOC). ...
Saudi Arabia >>  11/14/2017 - Last week, the WTI benchmark rose $2 to more than US$57 per barrel — its highest level since mid-2015. While OPEC and other contributing non-OPEC memb...

Oman >>  11/9/2017 - Tethys Oil will be awarded a new exploration license by the Ministry of Oil and Gas of the Sultanate of Oman. Block 49 is an onshore block that covers...
Saudi Arabia >>  11/9/2017 - Saudi Aramco signed agreements with several oil and gas service contractors for oil and gas megaprojects designed to enhance the company’s energy sust...

United Arab Emirates >>  11/2/2017 - ABB AbilityTM Electrical Distribution Control System delivers key data to shape next-generation solar power for the city. ...
United Arab Emirates >>  11/1/2017 - McDermott International, Inc. Announced a letter of award for a significant* contract for the engineering, procurement, construction and installation ...

Related Categories: Deodorization system  Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 

Related Articles: Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 


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

More News

 

Oil & Gas Companies in Saudi Arabia >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.