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Saudi Aramco has granted a substantial contract exceeding $3.3 billion to a joint venture between China's Sinopec Engineering Group and Spain's Tecnicas Reunidas. The contract involves the development of new natural gas liquids (NGL) fractionation facilities in Saudi Arabia. This significant project will be executed through two engineering, procurement, and construction (EPC) contracts, focusing on Riyas NGL Fractionation Trains (package 1) and Riyas NGL Common Facilities (package 2). The latter encompasses utilities, storage, and export facilities essential for the project.
- The joint venture is structured with Sinopec holding a 65 percent stake and Tecnicas Reunidas securing a 35 percent interest. The Riyas NGL fractionation facility aims to process an impressive 510,000 barrels per day (MBD) of NGLs, with package 1 comprising two trains capable of processing 255 MBD each. These trains will feature essential components such as fractionation, treatment, dehydration, and refrigeration units. Package 2's common facilities will cover feed and product surge storage, chemical storage, and various utilities crucial for the project's overall functionality.
Why it matters
The expected timeline for project completion is 46 months for package 1 and 41 months for package 2, marking a substantial endeavor in advancing Saudi Arabia's capabilities in natural gas liquid fractionation.
