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
-
Shell to sell interest in Singapore Energy and Chemicals Park to CAPGC
Shell Singapore Pte Ltd, a subsidiary of Shell plc, has reached an agreement to sell its Energy and Chemicals Park in Singapore to CAPGC Pte. Ltd., a joint venture company ...
08-05-2024
-
Integrated Global Services recognized for role in mega turnaround
Integrated Global Services has been recognized as a major contributor to the successful Ras Tanura Refinery 2024 Mega Turnaround and Inspection for Saudi Arabian Energy ...
08-05-2024
-
TotalEnergies and Sinopec strengthen cooperation
On the occasion of the state visit to France by the President of the People's Republic of China, TotalEnergies, represented by Patrick Pouyanné, Chairman and CEO, and ...
07-05-2024
-
BASF invests in capacity expansion of Basoflux® range of paraffin inhibitors
BASF plans to expand the global production capacity of its Basoflux® range of paraffin inhibitors at its site in Tarragona, Spain. This investment will enable BASF’s ...
07-05-2024
-
ETH Zurich select hte to provide high throughput test system designed for CO2 electroreduction
hte – the high throughput experimentation company was awarded a contract by the technical university ETH Zurich to provide a high throughput test system designed for ...
07-05-2024
-
Ebara Elliott Energy to provide compressor for SAF project in Thailand
Ebara Elliott Energy, formerly Elliott Group, announces it has been contracted to provide a motor-driven recycle compressor with a variable frequency drive (VFD) for ...
07-05-2024
-
IPP enters agreement to market ammonia, methanol and melamine plants in Ludwigshafen
BASF and International Process Plants (IPP), a global leader in the acquisition and sale of process plants and equipment, have entered an agreement to market ammonia, ...
06-05-2024
-
Cherry Point refinery turns feedstock into renewable diesel fuel
In many ways, the world is clamoring for more low-carbon energy. That’s why bp is aiming to boost biofuel production to nearly 50,000 barrels per day globally, by 2025. ...
06-05-2024
-
ClearSign Technologies receives two purchase orders from California refinery
ClearSign Technologies Corporation, an emerging leader in industrial combustion and sensing technologies that improve energy, operational efficiency and safety while ...
30-04-2024