Saudi Aramco awards major offshore contracts worth $4.5 billion

Saudi Aramco has signed eight agreements worth a combined US$4.5 billion for offshore oil and gas megaprojects.

Three agreements were with Madrid-based Técnicas Reunidas to improve and sustain gas production from Haradh and Hawiyah fields for the next 20 years by bringing an additional 28 million cubic metres a day.

Italian firm Snamprogetti (Saipem) will provide additional facilities to process raw sweet gas at the Hawiyah Gas Plant (HGP) expansion project.

Other agreements cover the free flow pipeline contract for Haradh and Hawiyah (China Petroleum Pipelines Company), engineering and project management services for the Zuluf Field development program (Jacobs Engineering), the pipeline and trunkline project of Safaniyah Field (Abu Dhabi-based National Petroleum Construction Company), and the slipover platforms and electrical distribution platform project in Safaniyah Field (McDermott Middle East).

Saudi Aramco President and CEO Amin H Nasser said the projects would help reduce domestic reliance on liquid fuels for power generation, enable increased liquids exports, provide feedstock to petrochemical industries, and reduce carbon emissions.