Saturday, 20 January 2018 05:08 GMT

USD4.5b worth of projects signed by Aramco

(MENAFN) An agreement worth USD4.5 billion was signed between Saudi Aramco and several oil and gas service contractors for mega energy projects designed to improve Aramco's energy sustainability, diversify the economy, expand gas production as well as localize domestic content.

Eight agreements were signed, including three with Madrid-based Tecnicas Reunidas under the Gas Compression Program in the Southern Area. The project will improve and sustain gas production from Haradh and Hawiyah fields for the next 20 years by bringing an additional 1 billion standard cubic feet per day (scfd).

In order to efficiently meet the kingdom's energy demand, the Hawiyah Gas Plant (HGP) Expansion Project will provide additional gas processing facilities to process raw sweet gas, Aramco stated.


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