Report: Saudi Aramco awards Hasbah field contract worth over $1B
- Business & Finance
Saudi Arabian national oil company Saudi Aramco has reportedly awarded a contract to Singapore-based Emas AMC and India’s Larsen & Toubro (L&T) for the expansion of the Hasbah gas field located in the Arabian Gulf.
Reuters reported on Monday, quoting industry sources, that the work would include building platforms and pipelines with the field’s supply feeding the Fadhili gas plant.
The news agency also said that the expansion of Hasbah will supply 2 billion standard cubic feet per day (scfd) of gas to the Fadhili plant.
Saudi Aramco completed the installation of the Hasbah tie-in platform in February 2015 using its 7,500-ton crane, carrying weight that reached about 5,000 tons – which was, according to the company, its new record for heavy lift operation. The company announced the start of natural gas production from the Hasbah gas field in March 2016.
This is the second major contract award from Saudi Aramco for the pair following the six-year long agreement awarded in July 2015.
Offshore Energy Today Staff