State oil giant Saudi Aramco has awarded a contract of more than $1b to India’s Larsen & Toubro (L&T) and Singapore-based Emas AMC for the expansion of the offshore Hasbah sour gas field, Reuters reported.
According to Rigzone, the expansion of Hasbah will supply 2bscf/d of gas to the Fadhili plant, for which Aramco awarded a construction contract last year. The remaining 500mscf/d of supply for the plant will come from the onshore Khursaniyah field.
The Saudi Kingdom is trying to augment its supply of gas by using fuel for power generation and water desalination instead of burning crude oil. Additionally, the expansion plan includes building platforms and pipelines, with the field’s supply feeding the Fadhili gas plant, a $6b complex that will include a gas processing unit and sulphur recovery.
Aramco has been involved in several oil and gas project amid the fall of international oil prices. The national state-owned company is developing a huge marine complex to be operational by 2021 that will increase the country’s GDP by $17b.
In addition, an MoU is expected to be signed between Aramco and Sabic for a joint oil-to-chemicals project.
Further, Riyadh has signed a loan agreement with the Export-Import Bank of Korea (KEXIM) to help finance the construction of a 2,640 MW power plant in Shuqaiq, in the southwestern Jizan province.