Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has awarded, on 2 April 2024, engineering, procurement, and construction (EPC) contracts worth $7.70 billion to carry out a major expansion of its Fadhili Gas Plant in the Eastern Province of Saudi Arabia.

The EPC project aims to increase Fadhili Gas Plant’s processing capacity by 1.50 billion standard cubic feet per day (bscfd) to reach up to 4 bscfd instead of 2.50 bscfd, according to an official statement.

The companies which received Aramco’s EPC contracts for the Fadhili Gas Plant increment project are Samsung Engineering Company, GS Engineering & Construction Corporation, and Nesma & Partners.

Aramco noted that the additional processing capacity will contribute to the company’s strategy to raise gas production by more than 60% by 2030 when compared to 2021 levels.

The Fadhili Gas Plant expansion is scheduled for completion by November 2027 and is also expected to add an additional 2,300 metric tonnes per day to sulphur production.

Aramco Executive Vice President of Technical Services, Wail Al Jaafari, 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.”

Al Jaafari noted: “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.”

It is worth noting that in 2023, Aramco’s financial results showed net profits worth SAR 454.76 billion and revenues of SAR 1.65 trillion.