Aramco lets $1.6-billion contract for gas field off Saudi Arabia

July 25, 2016
Chiyoda Corp. has secured a $1.6-billion engineering, procurement, construction, and installation (EPCI) contract to complete the second phase of Saudi Aramco’s Hasbah natural gas field, part of the two-field Al Wasit gas project.

Chiyoda Corp. has secured a $1.6-billion engineering, procurement, construction, and installation (EPCI) contract to complete the second phase of Saudi Aramco’s Hasbah natural gas field, part of the two-field Al Wasit gas project.

The consortium will be involved in the construction of two streams of three wellhead platform topsides, one tie-in platform with flare platforms, and bridges tied together by umbilicals and in-field pipelines. Other work includes interconnecting trunk lines to the Fadhili gas plant onshore. According to Chiyoda, the scope covers 40% of the contract value.

Aramco commissioned the field in March and expects to reach a combined 2.5 bcfd from Hasbah and nearby Arabiyah fields (OGJ Online, Mar. 24, 2016). Both fields are in about 50 m of water, 150 km northeast of Jubail.

The Emas Chiyoda Subsea joint venture includes Chiyoda Corp. and Ezra Holdings Ltd., both with equal holdings. The contract term is 6 years, with an option to extend by another 6 years. The engineering and fabrication component has commenced with the offshore execution phase commencing in fourth-quarter 2017.