South Korea’s Hyundai E&C has won contracts valued at around $2.7 billion for construction works as part of Saudi’s Aramco’s Marjan development project.
Saudi Aramco on Tuesday awarded $18 billion worth of contracts as part of Marjan and Berri offshore oil field developments aimed at boosting production by 500,000 barrels a day.
The giant oil company at the time did not say who the contractors were, but hints could be picked up from a contract signing photo which showed the names of Saipem, COOEC, Hyundai, and others.
McDermott (and COOEC) , Saipem , and Hyundai E&C have subsequently confirmed winning the contracts. Hyundai E&C said on Wednesday it had won contracts as part of Marjan packages 6 and 12.
Under the contracts, the Korean company, which confirmed the award via social media, will build an onshore gas and crude-processing plant, as well as utility facilities for an offshore plant.
Offshore Energy Today Staff
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