Petrofac awarded US$500 million EPC contract in Saudi Arabia

Petrofac-rabighOilfield services company Petrofac has won a US$500 million EPC contract on Saudi Arabia’s Rabigh II petrochemicals expansion project

Petro Rabigh, a joint venture between Saudi Aramco and Japan’s Sumitomo Chemical, has contracted Petrofac to build two units under a utilities and offsites contract.

Korean EPC firm GS Engineering and Construction recently announced a $1.78 billion EPC contract at Petro Rabigh for the package, which involves the production of ethylene-vinylacetate and low-density polyethylene, ethylene propylene and other materials.

Rabigh II’s development will include a new aromatics complex and an expanded facility to process 30 million standard cubic feet per day of ethane and approximately three million tonnes per year of naphtha as feedstock to produce a variety of high value-added petrochemical products.

The total project investment has been projected to reach approximately $7 billion. The Rabigh II expansion project will be completed by Q4 2015.

Headquartered in London, UK, Petrofac is a provider of integrated facilities services to the oil, gas and energy production and processing industries.

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