Petrofac, Tecnicas Reunidas Likely To Win Saudi Aramco Deals
KHOBAR, Saudi Arabia, Aug 16 (Reuters) - British oilfield services company Petrofac and Spain's Tecnicas Reunidas are likely to win contracts to build projects for state oil giant Saudi Aramco's Uthmaniyah and Ras Tanura plants, industry sources said.
Tecnicas Reunidas is the lowest bidder to build units for a cleaner fuels project at Ras Tanura refinery, originally estimated to cost more than $2 billion, aimed at removing sulphur from refined oil products, the source said.
The project is part of a drive by the kingdom to meet stricter environmental standards in export markets.
Petrofac is the front-runner to build a gas treatment facility at Uthmaniyah gas plant, expected to cost around $600 million, the sources said.
Petrofac declined to comment while Tecnicas Reunidas and Saudi Aramco did not respond to Reuters requests for comment.
Top oil exporter Saudi Arabia is struggling to keep up with domestic demand for gas, used in a number of sectors such as petrochemicals that are key to diversify the economy.
The aim of the Uthmaniyah project is to recover ethane as well as propane and other natural gas liquids (NGL) from 1.4 billion standard cubic feet per day (scfd) of sales gas.
Uthmaniyah is one of the operating areas of Ghawar, the world's largest onshore oilfield. The gas plant has a processing capacity of 2.5 billion scfd.
Saudi Arabia is building a number of gas plants to meet rising domestic gas demand. It has said its Fadhili, Midyan, and Wasit gas plants will add more than 5 billion scfd of non-associated gas processing capacity.
(Reporting by Reem Shamseddine; Editing by Rania El Gamal and Adrian Croft)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Operates 44 Offshore Rigs
- Initial Negotiations with Saudi's Aramco to Refine Oil in Egypt - Oil Mnstr (Nov 14)
- RIA: Moscow, Riyadh Agree To Explore Aramco Taking Part In Novatek Project (Nov 13)
- Aramco Expects To Boost Capital Spending By About 10% (Nov 09)
Company: Petrofac more info
- Petrofac Extends North Sea Contract with Chevron (Oct 05)
- Petrofac JV Awarded $2B Refinery Contract In Oman (Aug 04)
- Petrofac Makes 29% Headcount Reduction, Revenue Hits $7.8B (Feb 22)