Saudi Aramco President and CEO Amin H Nasser presided over a signing ceremony of the Fadhili gas project, marking a new milestone in the company’s drive to expand gas production and supply to meet growing domestic demand for energy
The new Saudi Aramco mega project will help boost production and supply with clean-burning natural gas, lessening dependence on oil for power generation, a statement by the company said.
CEOs and executives from engineering, procurement and construction (EPC) companies, and other service providers involved in the development and execution of the Fadhili gas project were also present at the ceremony.
According to the company, the Fadhili gas project will become a key component of the Kingdom’s master gas system, processing gas from both onshore and offshore fields. Together, with Wasit and Midyan, Saudi Aramco’s two other new major gas projects, Fadhili will add more than 5 bcf/d of non-associated gas processing capacity. The increase in the supply of natural gas will grow above 17 bcf/d by 2020, enabling opportunities in Saudi industries such as steel, aluminum, and downstream value-added industries.
Saudi Aramco is also exploring future opportunities of environmental significance at Fadhili, which may include a helium recovery plant and a CO2 recovery unit to reduce emissions.
Ten contracts have already been awarded for the project, and Saudi Aramco on 20 July signed four additional, major contracts. They are Larsen & Tubro for Fadhili Offshore Facilities, Saudi KAD for Fadhili Downstream, Saudi Electric Company and Engie for the Fadhili Combine Heat & Power and Mohammed I Al Subeae & Sons Investment Holding Company for the Fadhili Residential Camp.
