Oct 25, 2023 · Hyundai Engineering & Construction and Hyundai Engineering have inked a $2.4bn contract with Aramco for the construction of a gas processing plant for the Jafurah gas project phase two in Saudi Arabia. The two companies are affiliates of South Korea-based Hyundai Motor Group.

Jun 30, 2024 · Saudi Arabian Oil Co. (Saudi Aramco) signed contracts for the second phase of Jafurah field project and the third stage of expanding its Master Gas System project (MGS), at a total value $ 25 billion. Contract awards. The Company has awarded 16 contracts, worth a combined total of around $12.4 billion, for phase two development at Jafurah.

Nov 6, 2024 · Jafurah Phase 2 is a unconventional gas development located onshore Saudi Arabia and is operated by Saudi Arabian Oil. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Jafurah Phase 2 was discovered in 2021, lies in block Saudi Aramco Concession Area.

Dec 19, 2023 · Hyundai E&C and Hyundai Engineering, South Korea announced the award of a contract for the Phase 2 expansion project of the Jafurah Gas Field in Saudi Arabia. The Project was awarded by Saudi Aramco.

Jun 30, 2024 · The company has granted 16 agreements for phase two development at Jafurah, worth a combined total of around $12.4 billion. An additional 15 one-time complete contracts, worth around $8.8...

Oct 25, 2023 · The project will be adjacent to the site of the Saudi Jafurah Gas Treatment Facility Project (Phase-1) that Hyundai Engineering and Hyundai E&C undertook in 2021. It encompasses facilities that process gas produced from the Jafurah …

Dec 29, 2022 · The development of the Jafurah unconventional gas field is one of the most ambitious projects in Aramco’s history. Covering an area of approximately 17,000 km 2, the Jafurah basin presented a unique opportunity to build a large-scale project that aims to contribute to the energy transition.

Jun 30, 2024 · Aramco has awarded 16 contracts, worth a combined total of approximately $12.4 billion, for Phase 2 development at Jafurah. The work will involve construction of gas compression facilities and associated pipelines, expansion of the Jafurah Gas Plant including construction of gas processing trains, and utilities, sulfur and export facilities.

Jan 1, 2025 · The Jafurah gas plant is expected to be a key element of Aramco's long- term strategy to boost its unconventional gas production to 3 Bcfd during the next decade. Aramco recently announced its ambition to achieve net-zero Scope 1 and Scope 2 greenhouse gas emissions across its wholly-owned operated assets by 2050.

Jun 30, 2024 · Saudi Arabian Oil Co.’s (Saudi Aramco) latest contracts, signed today, June 30, for the second phase of Jafurah field project and the third expansion stage for the Master Gas System project (MGS), are valued at $25 billion, CEO Amin Nasser said.