GAS Arabian Services Company announced the signing of two Engineering, Procurement, and Construction (EPC) contracts with Saudi Aramco, worth a combined $202 million, for the expansion of the Master Gas System.
In separate statements to the Saudi stock exchange, the company revealed that it was awarded a contract valued at 416.3 million Saudi riyals ($111 million) for the Master Gas System expansion in the East and Qassim clusters. Additionally, it secured another contract worth 344.6 million Saudi riyals ($92 million) for the expansion of the system from SHEDGUM to EWPS-1.
The duration of the contracts is 30 months for the East and Qassim clusters and 40 months for the SHEDGUM to EWPS-1 segment.
Previously, in February 2024, the company had announced that it received non-binding letters of intent from Aramco for both contracts.