Oil giant Saudi Aramco has awarded Hyundai Engineering and Construction with $727m contract to build a gas facility at Uthmaniyah plant. The South Korean company expects to complete project by the end of 2019, reported Arab News.
Hyundai had won the deal after offering discounts to build the gas treatment facility at Uthmaniyah. The facility is part of Ghawar which is considered as the world’s largest onshore oilfield. The plant has a processing capacity of 2.5bcf/d of gas. Furthermore, the aim of the Uthmaniyah project is to recover ethane as well as propane and other natural gas liquids (NGL) from 1.4bcf/d of sales gas, according to Construction Week Online.
Despite lower oil prices, Saudi Arabia is pressing ahead with investment, looking to gas in order to meet rising domestic demand for fuel. Accordingly, Egypt Oil&Gas wrote earlier that Aramco had awarded a long-term contract to the National Petroleum Construction Co (NPCC) of Abu Dhabi for work on Aramco’s offshore facilities. In which NPCC would help to build offshore oil and gas platforms, pipelines, power cables and other infrastructure, over six years with the option to extend to contact up to 12.