Petrofac wins $1.4bn Saudi Aramco contracts
Riyadh, December 10, 2012
Leading oil and gas service provider Petrofac said it has won two engineering, procurement and construction (EPC) contracts worth around $1.4 billion from Saudi Aramco for its Jazan Refinery and Terminal project.
When complete, the refinery will produce around 400,000 barrels of oil per day and have associated terminal facilities on the Red Sea near Jazan in the south west of Saudi Arabia, said a statement from the British company.
Petrofac said its Saudi office will lead the project management delivery of the work which covers tank farms in the north and south areas of the development.
These are some of the first major awards made by Saudi Aramco under its In-Kingdom EPC programme and both packages are scheduled to be undertaken within three years.
Commenting on the win, Marwan Chedid, the chief executive of Petrofac’s Engineering, Construction, Operations & Maintenance (ECOM) division, said, "These EPC contracts will serve to reinforce the relationships and experience we have developed through our recent involvement on the Karan project as well as our ongoing Petro Rabigh projects for Saudi Aramco and Sumitomo Chemical."
"As this project progresses, we look forward to working closely with Saudi Aramco and our contractors to further deepen our engineering and project management capability in the Kingdom," he added.-TradeArabia News Service