Gulf Oil and Gas accountACCOUNT

FW-Led JV Wins Saudi Aramco Khurais EPC Contract

Source: www.gulfoilandgas.com 9/20/2006, Location: Middle East

Foster Wheeler Ltd. announced that a joint venture led by Foster Wheeler Energy Limited with Korea's Hyundai Engineering and Construction Co., Ltd., has been awarded a lump-sum turnkey engineering, procurement and construction contract by Saudi Aramco for the Khurais Gas Facility, part of the Khurais Central Processing Facility in Saudi Arabia.

The Khurais Gas Facility is one of the main contract packages that make up the Khurais Crude Increment Program, which aims to deliver 1.2 million barrels per day (b/d) of Arabian light crude by 2009. This program is the largest project to be developed under Saudi Aramco's expansion program aimed at increasing oil production by the end of the decade and is one of the most important oil projects in the world today.

"This program is one of the largest industrial projects being undertaken in the world today and is the largest crude increment program undertaken in the history of Saudi Aramco. This program is challenging because of the scope and complexity of the facilities, the extensive and diverse work locations and the short timescales involved," commented Mr. A. A. Al-Ajmi, vice president, project management, Saudi Aramco. "We are confident that the Foster Wheeler and Hyundai joint venture has the skills and track record to manage this challenge and to deliver a world-class gas plant.

"The Khurais Crude Increment Program covers three oil fields: Khurais, Abu Jifan and Mazlij. The Khurais Gas Facility will be designed to process the sour associated gas produced from the three oilfields into a natural gas liquid product and a dry, single-phase sour shipping gas. The plant will process a total of 563 million standard cubic feet per day of sour associated gas and 70,000 b/d of hydrocarbon condensate.

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