03-04-2024
Samsung E&A wins major Aramco Fadhili gas project
SAMSUNG E&A, a world leading engineering solutions and project management company, announced today, that it had a contracts signing ceremony for the approximately USD 6 billion contracts for Fadhili Gas Increment Program from Aramco. The contracts signing ceremony in Dhahran, Saudi Arabia was attended by Wail Al Jaafari, Aramco EVP of Technical Services, Yahya A. Abushal, Aramco SVP of Upstream and Downstream Project Management and other senior management as well as Hong Namkoong, President and CEO of SAMSUNG E&A.
The Fadhili Gas Increment Program objective is to expand the capacity of the existing Fadhili Gas Plant located 350km northeast of Riyadh, the capital of Saudi Arabia. SAMSUNG E&A will execute package #1 Gas Treatment Unit as well as package #4 Utilities and Offsites. Once the project is completed, the daily gas throughput will increase from the existing 2.5 billion cubic feet (2,500 MMSCFD) to 3.8 billion cubic feet (3,800 MMSCFD). SAMSUNG E&A will independently carry out the entire EPC process.
SAMSUNG E&A won this project following the Jafurah Gas Treatment Project received in 2021, and therefore performs Saudi Arabia's most representative gas projects one after the other.
Saudi Arabia announced their Vision 2030 to raise gas production and distribution capacity in order to reduce dependence on oil and respond to electricity demand due to industrial growth and population growth. Saudi Arabia plans to continue investing in the building of gas plants, and SAMSUNG E&A will actively participate and continue to receive linked contracts related.
SAMSUNG E&A plans to diligently utilize local networks and resources based on the rich regional experience it has accumulated, since its first entry into Saudi Arabia in 2003. Further, continues to build on a sustainable and lasting partnership with Aramco. In addition, SAMSUNG E&A plans to apply SAMSUNG E&A's unique execution system, which integrates all of the company's innovative technologies, such as modularization and automation, to the project to drive successful execution.
Hong Namkoong, President and CEO of SAMSUNG E&A said, “We are confident to deliver a steady performance on the Fadhili Gas Increment Program with our extensive experience in Saudi Arabia,” and added, “We will further gain the trust of clients with our differentiated technology and quality, and further strengthen our position in the Middle East market.”.
Wail Al Jaafari, Aramco Executive Vice President of Technical Services, said: “The award of these contracts reflects Aramco’s goal to increase supplies of natural gas, help efforts to reduce greenhouse gas emissions, and free up more crude oil for value-added refining and export. Together with leading international companies, we are advancing our goal to increase gas production. The expansion also supports our ambitions to develop a lower-carbon hydrogen business, while associated liquids from gas are an important feedstock for the petrochemical industry.”
Drawing on the unique heritage the company has built over 54 years, SAMSUNG E&A moves toward becoming a century-long company. SAMSUNG E&A embodies our vision and new identity for long-term success, as well as our values and commitment to future business expansion and innovation in business operations.
The ‘E’ stands for ‘Engineers,’ and it represents our strong asset in engineering technology but also our employees, the ‘enablers’ of our business, who will expand our future business value chain to the energy and environmental sectors and create a sustainable Earth and ecological future with a focus on innovation.
The ‘A’ signifies ‘AHEAD,’ embodying the values and determination as a first mover in the history of the Korean engineering industry, consistently at the forefront of change, and pioneering the future with a differentiated innovative execution.
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
Aspen Technology introduces AspenTech Strategic Planning for Sustainability Pathways™
Aspen Technology Inc, a global leader in industrial software, today introduced AspenTech Strategic Planning for Sustainability Pathways™, a new and unique integrated ...
26-04-2024
-
Sasol provides state of the art catalysts to INERATEC for the production of sustainable e-fuels
The catalysts will be used, among others, in the first large-scale industrial Power-to-Liquid (PtL) plant that INERATEC is currently building in Frankfurt, Germany, which ...
24-04-2024
-
Baker Hughes to supply 17 centrifugal compressors to Saudi Master Gas System project
Baker Hughes, an energy technology company, announced Tuesday that it has received an order by Worley, for and on behalf of Aramco, to supply gas technology equipment ...
23-04-2024
-
SABIC Fujian Petrochemicals select Phenol yechnology from KBR
KBR announced today it has been awarded a contract by SABIC Fujian Petrochemicals to license KBR's market-leading phenol technology in China. Under the terms of the ...
22-04-2024
-
Lummus Expands R&D capabilities to enhance innovation and water and wastewater technologies
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the opening of its cutting-edge research and development (R&D) ...
17-04-2024
-
Clariant launches new CATOFIN® 312 propane dehydrogenation catalyst
Clariant, a sustainability-focused specialty chemical company, today announced the launch of CATOFIN 312, its latest propane dehydrogenation catalyst. The new catalyst ...
16-04-2024
-
Yokogawa and GridBeyond conclude investment and strategic partnership agreements
Yokogawa Electric Corporation and energy IT solutions provider GridBeyond of Ireland announce that they have concluded a strategic partnership agreement. Furthermore, ...
16-04-2024
-
EMA and JERA to cooperate on LNG procurement and supply chains
The Energy Market Authority and JERA Co Inc, have signed a Memorandum of Understanding to cooperate on mutually beneficial areas in liquefied natural gas procurement ...
16-04-2024
-
Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity
Hexagon’s Asset Lifecycle Intelligence division today announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology (OT). ...
16-04-2024