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.
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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