Hyundai E&C and Hyundai Engineering Signs $2.3 Billion Jafurah Phase 2 Contract
20 December 2023Hyundai E&C and Hyundai Engineering, South Korea announced the award of a contract for the Phase 2 expansion project of the Jafurah Gas Field in Saudi Arabia.
The Project was awarded by Saudi Aramco.
The contract value is 1.5345 trillion won (US$1.18 billion) for each company. The project duration is set for 41 months from the commencement date.
The Phase 2 project of the Jafurah Gas Treatment Facility involves constructing additional facilities to process gas produced from the Jafura Gas Field, including sulfur recovery units.
This project will be built adjacent to the site of the Phase 1 Jafurah Gas Treatment Facility, awarded earlier to Hyundai Engineering and Hyundai E&C in 2021. Hyundai Engineering, the lead contractor, alongside Hyundai E&C, will be responsible for the sulfur recovery unit package and the creation of utility infrastructure.
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