Petrofac awarded US$500 mln EPC contract in Saudi Arabia

12-Jul-12

Petrofac has won a US$500 mln EPC contract on Saudi Arabia’s Rabigh II petrochemicals expansion project, as per Reuters. Petro Rabigh, a joint venture between Saudi Aramco and Japan’s Sumitomo Chemical, has contracted Petrofac to build two units under a utilities and offsites contract. Rabigh II’s development will include a new aromatics complex and an expanded facility to process 30 million standard cubic feet per day of ethane and approximately 3 mln tpa of naphtha as feedstock to produce a variety of high value-added petrochemical products. The total project investment has been projected to reach approximately $7 billion. The Rabigh II expansion project will be completed by Q4-2015.