Técnicas Reunidas/Sinopec awarded two US$3 bn contracts by Saudi Aramco
A joint venture between Spanish engineering firmTécnicas Reunidas and China’s Sinopec Engineering Group (SEG) has been selected as the EPC contractor and was awarded a lump sum contract for the Riyas Natural Gas Liquids (NGL) fractionation facility in Saudi Arabia.
The joint venture is 65% owned by Técnicas Reunidas and 35% by Sinopec Engineering Group, which means that the Spanish company will account for more than US$2.15 billion of the total investment.
This is the first project awarded to Técnicas Reunidas by Saudi Aramco following the strategic alliance recently signed by the Spanish company with Sinopec Engineering Group for the development of common projects.
The works will be developed on the basis of two EPC (engineering, procurement and construction) contracts for the execution of Riyas NGL Fractionation Trains (Package 1) and Riyas NGL Common Facilities (Package 2), which includes utilities, storage and export facilities.
The primary objective of the project is to enable the fractionation of NGLs, thus producing ethane, propane, butane and pentane.
The new facilities to be developed by Técnicas Reunidas and Sinopec Engineering Group will fractionate 510,000 barrels per day (MBD) of NGLs. The two trains of the Package 1 will process 255 MBD each, and will include fractionation, treatment, dehydration and refrigeration units.
The common facilities of Package 2 will provide feed and product surge storage, chemicals storage and utilities including, although not limited to, steam and condensate recovery systems, utility water, plant, instrument air and nitrogen systems, machinery cooling water, drainage and flare systems.
The expected duration of the project is about 46 months for Package 1 and about 41 months for Package 2, with a total maximum level of 575 engineers, of which more than 70% will be from Técnicas Reunidas.
