Aramco, one of the world’s leading integrated energy and chemicals companies, has signed a non-binding Letter of Intent (LoI) with a joint venture formed by Técnicas Reunidas (60%) and the Chinese group Sinopec (40%) for the potential development of three gas compression plants at Jafurah, the largest unconventional gas field in Saudi Arabia. The LoI also includes potential work to install a 230kV power connection at the gas plant substation area and upgrade the water pump system.
If awarded, the total value of the project is estimated at approximately US$2.24 billion, with 60% allocated to Técnicas Reunidas.
The execution of this project would require about 44 months and the dedication of more than 400 engineers, many specializing in chemical processes.