Técnicas Reunidas JV seals $3.3bn Saudi Aramco contracts
CONSTRUCTION NEWS
Spanish company Técnicas Reunidas has announced that its joint venture with Chinese Sinopec Engineering Group has secured EPC (engineering, procurement and construction) contracts worth $3.3 billion from Saudi oil giant Aramco for development of new natural gas liquids (NGL) fractionation facilities in the kingdom.
The scope of works include execution of Riyas NGL Fractionation Trains (Package 1) and Riyas NGL Common Facilities (Package 2), which covers utilities, storage and export facilities.
Since the joint venture is 65% owned by Técnicas Reunidas and 35% by Sinopec Engineering Group, the Spanish company is entitled to more than $2.15 billion of this total amount.
The primary objective of the project is to enable the fractionation of NGLs, thus producing ethane, propane, butane and pentane.
The new facilities to be developed by Técnicas Reunidas and Sinopec Engineering Group will fractionate 510 thousand barrels per day (MBD) of NGLs.
The two trains of the Package 1 will process 255 MBD each, and will include fractionation, treatment, dehydration and refrigeration units. The common facilities of Package 2 will provide feed and product surge storage, chemicals storage and utilities including, although not limited to, steam and condensate recovery systems, utility water, plant, instrument air and nitrogen systems, machinery cooling water, drainage and flare systems.
The expected duration of the project is about 46 months for Package 1 and about 41 months for Package 2, with a total maximum level of 575 engineers, of which more than 70% will be from Técnicas Reunidas.-TradeArabia News Service
