Hyundai Engineering and Construction (E&C) has secured a $2.7 billion order from Saudi Arabia’s state oil giant, Saudi Aramco, to build gas and crude-oil processing facilities in the Kingdom.
In a report by The Korea Times, it was said that the scope of works includes the development of two major packages for an oilfield incremental development project in Marjan, northeast Saudi Arabia.
According to the company, the 1.72 trillion won Package 6 requires it to expand an existing gas-oil separation facility.
Under the terms of the Package 12 deal which is worth $1.23 billion, Hyundai E&C will build facilities for an onshore plant.
The company added in a statement that it expects each construction project to take 41 months.
Earlier this month, Saudi Aramco announced the opening of a ‘game-changing’ Baker Hughes GE (BHGE) research facility at Dhahran Techno Valley.
The firm says the move reflects its commitment to cutting edge technology and developing global partnerships.
The new facility will feature what’s billed as ground-breaking technologies and will include the first industry 3D printer for metal in Saudi Arabia, as well as a data visualisation and automation platform to help simulate and optimise well activity and construction.