
Saudi Aramco on 9 April signed all five packages on its estimated $1,500 million Shaybah field development scheme, letting the contracts for the project's central processing facilities (CPF), captive power plant, preparation work, power transmission and residential housing. Canada's SNC Lavalin was already selected in March for the estimated $700 million CPF contract (MEED 24:3:06)South Korea's Hyundai Heavy Industries won the $170 million contract to build the gas turbine power plant. The scope of works on the engineering, procurement and construction (EPC) contract covers the installation of three 65-MW turbines and associated works, including a switchyard, to supply power to the planned gas-oil separation plant (GOSP). Commissioning is scheduled for 2008.
You might also like...
UAE bank asset quality hinges on property market
03 April 2026
Safety and security matters
03 April 2026
Saudi forecast remains one of growth
03 April 2026
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
Take advantage of our introductory offers below for new subscribers and purchase your access today! If you are an existing client, please reach out to your account manager.
