Saudi Aramco awards $350m pipeline contract
Dutch pipeline specialist Nacap inks EPC deal with hydrocarbons giant
Other stories: World's 10 largest oilfield technology companies | World's 10 largest petrochemicals companies | Oil industry giants: ADNOC | Oil industry giants: Saudi Aramco | Top 10 MENA Region mega projects | Top 10 billion dollar oil deals of the summer | 2009's winners and losers in the oil industry | 10 events in oil's history that shook the world | Top 10 Gulf mega projects | Top 10 largest publicly traded oil companies | World's 10 largest oilfield services companies | World's 10 largest oil and gas contractors
The hydrocarbons giant Saudi Aramco has awarded the Saudi-Arabian subsidiary of Dutch pipeline contractor Nacap a US$350 million contract for the engineering, procurement and construction (EPC) of a multi-product pipeline from Ras Tanura Refinery on the east coast of Saudi Arabia via Dhahran to Riyadh in the central region of the KSA.
The scope of the contract includes the construction of 506 km of 30” pipeline, three pump stations, metering systems, substation buildings and maintenance.
The pipelines are planned to transport diesel and kerosene from the refineries in Ras Tanura to Riyadh and also to Dhahran and Al-Hasa along the way. The project must be completed by December 2011.
“This is an important step of Nacap’s continuing expansion in the Middle East and emphasises our capabilities as an EPC contractor,” Victor Aquina, CEO of NACAP said.
A statement released by Nacap also said that the EPC contract is the result of six month’s work of conceptual design and front-end engineering of the pipeline, in an initial phase called Convert to Lump Sum Turn Key (CLSTK).
Nacap completed this phase together with its subcontractor Jacobs Engineering Group Inc. from the UK.