Essar Projects Bags $54 mi Maiden Contract from Saudi Aramco
The Hydrocarbon SBU of Essar Projects, a global EPC (engineering, procurement, construction) contractor, has secured its maiden contract from Saudi Aramco, the national petroleum and natural gas Company of the Kingdom of Saudi Arabia.
The USD 54-million EPC project involves the upgradation of a Crude Stabilization Unit at Aramco’s Abqaiq Plant, in Shaybah, one of the largest oilfields in the world. The scope of work entails engineering, procurement and construction of a crude tank, replacement of crude pumps and associated civil, piping, electrical and instrumentation facilities. The project is scheduled to be completed in 29 months.
Essar is already executing five other projects in the region in the hydrocarbon sector.
Commenting on the project, Amit Gupta, CEO–Hydrocarbon SBU, Essar Projects, says, “This contract is a reflection of our capability to undertake global projects from reputed clients in this region. We will leverage the capabilities gained to enhance our foot print in other Middle East countries.”
Essar Projects has the requisite experience in refinery projects having previously executed a world-scale grass-roots refinery at Vadinar, Gujarat, with an initial capacity of 10 MMTPA, which was gradually expanded to 14 MMTPA and then 20 MMTPA. It also executed the supporting infrastructure and facilities that include SBM for crude unloading, product jetty for refinery product export, a tank farm with total tankage of 3 million cubic metres for crude, products and intermediate and 77 MW of captive power plant.