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Aramco is to finalize a group of contractors to expand the Safaniya field, marked as the world’s biggest offshore oilfield. The contract may total up to $5 billion for two engineering, procurement, and construction (EPC) contracts. Larsen & Toubro (L&T) is to construct a gas oil separation plant and Hyundai Engineering & Construction is to win the EPC contract package. The Safaniya expansion project is to increase the field’s production capacity by 700,000 bpd to maintain Saudi’s position amidst rising global oil demand. 

Aramco Close To Awarding $5 Billion Deals for World’s Biggest Offshore Oilfield

Aramco is to finalize a group of contractors to expand the Safaniya field, marked as the world’s biggest offshore oilfield. The contract may total up to $5 billion for two engineering, procurement, and construction (EPC) contracts. Larsen & Toubro (L&T) is to construct a gas oil separation plant and Hyundai Engineering & Construction is to win the EPC contract package. The Safaniya expansion project is to increase the field’s production capacity by 700,000 bpd to maintain Saudi’s position amidst rising global oil demand. 

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