News // Middle East and OPEC
Hyundai and Saudi Aramco sign contract for Uthmaniyah ethane recovery
16 November 2016 , 16:02Neftegaz.RU2970
Saudi Aramco announced on November 16,2016, that the company have inked contracts with Hyundai for the company’s Uthmaniyah Ethane Deep Recovery Project.
Tofiq H. Al Gabsani, Saudi Aramco’s acting executive director of Project Management, presided over a signing ceremony with Hyundai director and project director Jae Ho Junin and Chul Ho Ryu, general manager of the company’s al-Khobar branch office, at Saudi Aramco’s Dhahran headquarters.
The project will involve the recovery of ethane, propane and natural gas liquids from sales gas at Uthmaniyah.
Al Gabsani praised the quality of Hyundai’s previous work with Saudi Aramco and said the two parties will maintain a high level of communication for the duration of the project.
Earlier Hyundai Engineering and Construction has obtained an order on October 27, 2016, to build a gas treatment plant worth $736 million in Uthmaniyah from Saudi Arabia’s state-run oil company Saudi Aramco.
The plant, which is to be built in Uthmaniyah, 325 kilometers east of the capital Riyadh, will be used for separating and collecting natural gas fractions such as ethane and propane through a demethanizer from the 1.4 billion standard cubic feet per day (scfd) of gas produced in the region.
Under the turnkey construction contract taking charge of the full process from engineering, procurement and construction, Hyundai E&C will construct the Uthmaniyah plant for 37 months and complete the project by the end of 2019.
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