En Español



Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

Tecnicas Reunidas leads bidding for Aramco gas projects

 

 

By Reuters Staff

KHOBAR, Saudi Arabia
Petroleumworld 10 24 2017

Tecnicas Reunidas has offered the lowest bids to build two gas projects which are planned by state oil giant Saudi Aramco, sources familiar with the plans said on Monday.

While the Spanish engineering firm has made the lowest bids on the Haradh and Hawiyah gas compression stations and the Hawiyah gas plant, Italy's Saipem and Samsung E&C are also well placed to win the Hawiyah gas plant work, they said.

Aramco plans to expand the processing capacity at Hawiyah by 1.3 billion standard cubic feet per day (scfd) from 2.5 billion scfd of gas at present.

The new gas compression plants and the expansion of the Hawiyah gas plant are expected to cost more than $4 billion, industry sources have estimated.

Saudi Aramco does not comment on its business transactions, it said in response to an emailed request for comment.

Tecnicas Reunidas declined to comment, while Saipem had no comment and a spokesman for Samsung Engineering said it had no new information on the bidding progress.

“We expect results to be announced (at the) beginning of November,” he said.

Hawiyah and Haradh are part of Ghawar, the world's largest onshore oilfield.

Gas will play a key role towards the diversified energy mix which Saudi Arabia is keen to achieve by cutting the use of crude oil and liquids for power generation, while allocating more gas to fuel economic growth and industrialisation.

The kingdom is targeting raising the use of gas in its energy mix to 70 percent, officials have said.

Despite falling oil prices, Saudi Aramco is pushing ahead with oil and gas projects that it has highlighted as a priority for the long term to keep the world well supplied with oil, while meeting domestic gas demand.

It plans to nearly double gas production to 23 billion standard cubic feet a day in the next decade.



Reporting by Reem Shamseddine; additional reporting by Yuna Park in Seoul, Robert Hetz in Madrid and Stephen Jewkes in Milan; editing by Alexander Smith from Reuters.

reuters.com 10 23 2017

We invite all our readers to share with us
their views and comments about this article.
Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

Nov 13-14 ;
Mexico City, Mexico

 

 

 

 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld ™  / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.