Part of Al-Ghawar, Haradh and Hawiyah gas fields play a key role in supporting the Kingdom's focus on leveraging its gas resources, complementing Saudi Aramco's plans to double gas production to 23bn standard cubic feet per day in the next decade.
The new facility will offer a broader range of capabilities in-country, supporting the full TechnipFMC portfolio with its high technology equipment in the drilling, completion, production and pressure control segments.
The MoU supports Saudi Aramco's In-Kingdom Total Value Add (Iktva) programme, which applies to Saudi Aramco suppliers and drives the localisation of oilfield services and equipment value chain, to strengthen and diversify the Saudi economy.
The engineering, procurement, construction and commissioning (EPCC) scope of work also includes liquid and compression trains and associated infrastructure, as well as brownfield work associated with connecting the Phase 1 and 2 facilities.
The forum promoted an agenda designed to raise the bar with a set of over 140 investment opportunities in localisation valued at over $16bn in several industrial and business sectors across the Saudi Arabian energy sector.
The enhanced TerminalSmart platform improves and standardises terminal-wide productivity best practices and benchmarking, generates insights for reducing demurrage and other costs, optimises product flow and volume availability.
The refinery is among the largest in the region with a reported capacity of just under 200,000bpd. The customer is a leading refinery in the Eastern Mediterranean/Middle East region and are part of a large integrated refining and petrochemicals complex.