Monday 25 May 2020

Saipem secures $3.5bn Saudi Aramco gas field projects

RIYADH, July 10, 2019

Italian construction major Saipem said it has secured two projects worth over $3.5 billion, encompassing engineering, procurement, construction and installation (EPCI) services, from Saudi Aramco.

The projects have been awarded to the Onshore E&C division of Saipem and involve the development of the land facilities of the Berri and Marjan gas fields, both located in the Arabian Gulf.

The first contract, “PKG-01 Expand Abu Ali Crude & KGP Gas Facilities” for the Berri field, involves the expansion, through the installation of new process units, of the Abu Ali oil-gas separation plant located on the island of the same name, about 50 km north of the Ras Tanura refinery, and of the gas treatment plant of Khursaniyah.

The second contract, "Gas Treatment and Sulphur Recovery" is related to the Marjan field, concerns the construction of a gas treatment unit and of another unit for the recovery of acid gases for sulphur production.

The treatment of acid gases will almost completely eliminate the release of sulphur oxides into the environment: more than 99.9 per cent of the gases will be recovered and carbon dioxide emissions into the atmosphere will comply with the most stringent international standards, it stated.

CEO Stefano Cao said: "The awarding of these new complex contracts testifies to the evolution of our historic relationship with Saudi Aramco and confirms the strategic positioning of Saipem in the Middle East."

"In the tough context of recent years, Saipem has demonstrated a constant commitment to sustainable economic growth through technological innovation. This commitment allows for the realisation of industrial processes to exploit natural resources with maximum respect for the environment and the reduction of the carbon footprint," he added.-TradeArabia News Service


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