Samsung awarded $ 2.76 billion project by Saudi Aramco

Samsung awarded $ 2.76 billion project by Saudi Aramco

12:35 PM, 17th June 2011
Samsung awarded $ 2.76 billion project by Saudi Aramco

Samsung Engineering has officially been signed by Saudi Aramco for a $2.76 billion project. The contract awarded is for all packages in one complex, a confirmation of Samsung’s expertise in hydrocarbon and power sectors.

DHAHRAN, SAUDI ARABIA: On March 21st, Samsung Engineering officially inked a $ 2.76 billion contract for the Shaybah NGL (Natural Gas Liquid) project with Saudi Aramco at its headquarters in Dhahran. This NGL facility will be located 800 km south east of Dhahran in Shaybah and is expected to secure feedstock supplies for the kingdom’s hydrocarbon business. The complex will produce 750,000 barrels of oil per day, process gas of 2,400 MMSCFD and recover 200,000 barrels of NGL per day. Samsung Engineering is scheduled to achieve mechanical completion by June 2014.

Samsung Engineering will provide engineering, procurement and construction for all four units in this plant complex on a lump-sum turn-key basis. Package 1 is the inlet and gas treatment facility, to remove impurities such as sulfur from the gas. Package 2 is the NGL recovery and utility facilities which will recover NGL from the gas. Package 3 is the cogeneration plant to produce power for the facility. Package 4 is the increased gas handling facilities, which are oil and gas separation plants (GOSP).

The Shaybah project was a significant win for Samsung Engineering as it is the 4th Saudi Aramco project received since 2007. Following the award of Malaysia’s Petronas gas & oil separation project, and power plants from Saudi Arabia’s Aramco and Mexico’s CFE, the Shaybah project will also involve the execution and expertise of different plant sectors such as GOSP and Co-generation. The Shaybah contract gives a proof of Samsung Engineering’s expertise in the hydrocarbon, industrial and infrastructure global market.

© Samsung Engineering News


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