Saudi Aramco Awards $7.7 Billion Contract for Fadhili Gas Plant Expansion
In a monumental move, Saudi energy giant Aramco has granted a $7.7 billion contract for the extensive expansion of its Fadhili Gas Plant located in the Eastern Province.
Winning Contractors
The company proudly declared that SAMSUNG Engineering Co, GS Engineering & Construction Corp, and Nesma & Partners emerged victorious in securing the increment project contract for the gas plant.
Increased Processing Capacity
The initiative aims to elevate the plant’s processing capacity from 2.5 billion standard cubic feet per day to a remarkable 4 billion, marking a substantial enhancement in operations.
Strategic Growth
The additional 1.5 bscfd processing capacity is anticipated to play a pivotal role in Aramco’s strategy to boost gas production by over 60 percent by 2030 compared to 2021 levels.
Environmental Impact
Wail Al-Jaafari, Aramco’s executive vice president of technical services, emphasized that the contract awards align with the company’s objectives to bolster natural gas supplies, reduce greenhouse gas emissions, and optimize crude oil utilization for refining and export purposes.
Project Timeline and Benefits
The Fadhili Gas Plant expansion project is slated for completion by November 2027, with an estimated addition of 2,300 metric tonnes per day to sulphur production. This expansion also lays the groundwork for Aramco’s vision to cultivate a lower-carbon hydrogen business.
Technological Advancements
Fadhili stands out as the first plant to process non-associated gas from onshore and offshore sources, incorporating cutting-edge Tail Gas Treatment technology to achieve an exceptional sulfur recovery rate exceeding 99.9 percent.
Industry Impact
Aramco’s President and CEO Amin Nasser highlighted the pivotal role of the Fadhili Gas Plant in driving economic growth, fostering industrial development, and curbing emissions, underscoring its significance in meeting Saudi Arabia’s escalating energy demands.
Financial Milestone
The recent announcement of Aramco’s net income reaching $121.3 billion in 2023 underscores the company’s robust financial performance, marking one of its most successful years to date.