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  • Saudi Aramco and SABIC Award Second Crude Oil-to-Chemicals (COTC) Project Management Contract to KBR
    édité le 26/04/2018 - Plus de news de "SAUDI ARAMCO" - Voir la fiche entreprise de "SAUDI ARAMCO"


Saudi Aramco and SABIC Award Second Crude Oil-to-Chemicals (COTC) Project Management Contract to KBR
In a second significant step toward the implementation of Saudi Aramco and SABIC’s fully-integrated crude oil-to-chemicals (COTC) complex in Saudi Arabia, the two partners have awarded a contract to KBR, a leading global provider of project management, and professional & engineering services in the petrochemicals industry, for the COTC project management and front-end engineering and design (FEED).

The award of this contract follows the signing of an MoU in November of 2017 between Saudi Aramco and SABIC to assist in bringing the giga-project to its next stage of development.  The contract primarily covers finalization of the project scope, selection of technology providers, update on project economics, and performance of front-end engineering and design.

Commenting on this new milestone, Saudi Aramco President and CEO Amin H. Nasser said: “We are effectively moving forward with the implementation of our strategies and plans towards further integration and value creation. The award of this second project management contract to KBR not only strengthens the project with additional world-class experience, but is yet another milestone in the Kingdom’s continuous drive to redirect and optimize its abundant natural resources and maximize its chemicals yield.”  “With the addition of KBR to the project, Saudi Aramco and SABIC are confident that the right parties are now in place to see the project through its initial phases and the inclusion of a high proportion of local content,” Nasser added.

Yousef Al-Benyan, SABIC Vice-Chairman and Chief Executive Officer said: “This contract award to KBR is a major advance by the two leading industrial companies in Saudi Arabia – SABIC and Saudi Aramco – towards establishing a large petrochemical facility in support of Saudi Arabia’s vision of creating job opportunities, initiating new industrial technologies, and diversifying the product portfolio.  The acceleration of the project’s milestones signifies the determination of the joint venture partners to achieve the project objectives along with Saudi Arabia’s vision of economic diversification, to which this project is a significant contributor.”

By 2030, the COTC complex is expected to be a significant contributor to Saudi Arabia’s GDP and play a key role in helping the continued economic transformation away from crude exports to higher-value industrial products, further stimulating the Kingdom’s economic diversification, as enunciated in Vision 2030.

About Saudi Aramco

Saudi Aramco is a leading global integrated energy and chemicals company. We are driven by the core belief that energy is opportunity. From producing approximately one in every eight barrels of the world’s oil supply to developing new energy technologies, our global team is dedicated to creating impact in all that we do. We focus on making our resources more dependable, more sustainable and more useful. This helps promote stability and long-term growth around the world.

About SABIC

SABIC ranks among the world’s top petrochemical companies, and is among the world’s market leaders in the production of polyethylene, polypropylene, advanced thermoplastics, glycols, methanol and fertilizers. SABIC manufactures on a global scale in Saudi Arabia, the Americas, Europe and Asia Pacific. The company operates in more than 50 countries across the world with 40,000 employees worldwide.

About KBR, Inc.

KBR (NYSE: KBR) is a global provider of differentiated professional services and technologies across the asset and program life cycle within the Government Services and Hydrocarbons sectors. KBR employs approximately 34,000 people worldwide (including our joint ventures), with customers in more than 75 countries, and operations in 40 countries, across three synergistic global businesses:

- Government Services, serving government customers globally, including capabilities that cover the full life-cycle of defense, space, aviation and other government programs and missions from research and development, through systems engineering, test and evaluation, program management, to operations, maintenance, and field logistics,
- Technology & Consulting, including proprietary technology focused on the monetization of hydrocarbons (especially natural gas and natural gas liquids) in ethylene and petrochemicals; ammonia, nitric acid and fertilizers; oil refining; gasification; oil and gas consulting; integrity management; naval architecture and proprietary hulls; and downstream consulting,
- Engineering & Construction, including onshore oil and gas; LNG (liquefaction and regasification)/GTL; oil refining; petrochemicals; chemicals; fertilizers; differentiated EPC; maintenance services (Brown & Root Industrial Services); offshore oil and gas (shallow-water, deep-water, subsea); floating solutions (FPU, FPSO, FLNG & FSRU) and program management.


Origine : Communiqué SAUDI ARAMCO

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