Essar Projects wins $54mn Saudi Aramco deal
Indian contractor to upgrade crude stabilisation unit at Abqaiq plant
Essar Projects, the construction arm of Indian energy company Essar Group, has won its first ever contract from Saudi Aramco.
The $54mn engineering, procurement and construction (EPC) deal will see it upgrade a crude oil stabilisation unit used by Aramco at its Abqaiq plant at the Shaybah field, which is close to the Kingdom's border with the UAE. It is one of the largest oil fields in the world.
The work will involve the design and build of a crude tank, replacement of existing pumps, piping and electrical and instrumentation equiment.
The work is expected to take 29 months to complete.
Essar is completing five other hydrocarbon projects in the region.
Amit Gupta, CEO of Essar Projects' hydrocarbon business unit, said: “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 footprint in other Middle East countries.”