Online

See all articles

Hyundai E&C confirms $2.7bn Marjan contracts

South Korean fabricator joins McDermott and Saipem in confirming huge EPC deals from Saudi Aramco

South Korea’s Hyundai Engineering & Construction (E&C) has confirmed the award of two onshore contracts from Saudi Aramco for the state giant’s Marjan incremental development project.

Hyundai E&C has been confirmed as the winner of packages six and 12 for the giant scheme, with the deals together worth 3.2 trillion won ($2.72 billion).

Aramco in $18bn Marjan and Berri awards

Read more

The confirmation comes after Aramco revealed on Tuesday that it had penned deals with 16 companies worth a combined $18 billion for contracts covering both its Marjan and Berri incremental development projects.

Upstream reported in early June that Hyundai E&C was the front runner for packages six and 12 for Marjan.

The South Korean fabricator said on Wednesday that the package six deal is worth $1.48 billion and involves the expansion of an existing gas-oil separation plant with 300,000 barrels per day processing capacity.

Package 12, which calls for building of a utility facility for an offshore gas processing plant, is worth $1.25 billion.

Both contracts will take 41 months to complete for Hyundai E&C.

Among the raft of engineering, procurement and construction deals handed out by Aramco, US player McDermott International on Wednesday confirmed two huge offshore contracts – packages one and four – for Marjan. Package one will be undertaken with China’s Offshore Oil Engineering Corporation (COOEC), with McDermott as the lead contractor.

Italy’s Saipem has also confirmed it was the winner of two onshore deals – one each for Berri and Marjan.

Upstream reported this week that Aramco had handed a consortium of two India's Larsen & Toubro and Oslo-listed Subsea 7 for the second offshore package involving its Marjan incremental development project.

Together the Berri and Marjan incremental projects aim to add 550,000 barrels per day of crude production and 2.5 billion cubic feet per day of gas production at Saudi Aramco.

Saudi Aramco hands out Abu Ali gas plant work

Read more

At Marjan, Aramco is adding 24 offshore oil, gas and water injection platforms, a new offshore GOSP, expanding the Tanajib onshore oil facilities, and constructing a new gas plant to include gas treatment and processing, NGL recovery and fractionation, and gas compression facilities.

It will also build a cogeneration facility and a water desalination facility and new transfer pipelines.

At Marjan, Aramco is aiming to boost crude production by 300,000 bpd and 2.5 Bcfd of gas as well as 360,000 bpd of natural gas liquids and C2.

For the Berri incremental development project, Aramco will add 11 oil and water offshore platforms, nine onshore oil production and water supply drill sites, a new gas oil separation plant on Abu Ali Island, gas processing facilities at the Khursaniyah gas plant (KGP), a new water injection facility and two islands.

Aramco is aiming to increase production from Berri by 250,000 bpd of crude.

Latest news
Most read