Monday 24 January 2022

Samsung lands $1.2bn Aramco gas project contract

SEOUL, December 2, 2021

Samsung Engineering has announced that it has won a $1.23-billion contract  from Saudi oil giant Aramco for the Jafurah Gas Process Package 1, a major project that marks the first shale gas development in Saudi Arabia.
It is part of the Jafurah shale gas field development located 400 km east of capital Riyadh and is expected to be completed in 2025. 
One of the world’s leading engineering, procurement, construction and project management (EPC&PM) companies, Samsung Engineering will build a gas treatment facility that will remove sulphur and other substances from 1.1 billion cubic feet of gas per day.
The agreement was signed at a key ceremony held at Al Ghawar Hall, Aramco Dhahran, in the presence of Saudi Minister of Energy Abdulaziz bin Salman, Saudi Aramco’s President and CEO Amin H. Nasser and Samsung Engineering’s President and CEO Sungan Choi. 
The goal of the project is to produce shale gas, natural gas liquids (NGL), ethane, sulphur and stabilized condensate. 
Samsung Engineering said it plans to independently build and complete the project. The scope of work includes a slug catcher, acid gas, NGL and mercury removal units.
Samsung Engineering has extensive experience by performing in constructing treatment facilities in the past. It plans to fully apply its know-how and technology in carrying out this project. Samsung Engineering further has a long and successful track record in Saudi Arabia and with Aramco projects, delivering them for Aramco since 2007.  
On the deal, Choi said: "We are delighted to have got an opportunity to participate and contribute to the Aramco’s first shale gas development in Saudi Arabia with the ‘Jafurah Gas Process Package 1 Project."
"We are confident to provide best services by applying digital innovation technologies, automation processes and smart materials to the project, while leveraging our comprehensive experiences of working in Saudi Arabia," he added.-TradeArabia News Service


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