It will help the state-owned oil major to maintain its overall maximum sustained crude production capacity at 12 million barrels a day (Mbod). This process is automatic. McDermott has won two engineering, procurement, construction and installation (EPCI) contracts from Saudi Aramco worth more than $4.5bn for the Marjan Increment Programme. The second EPCI contract, for three drilling jackets along with two new single well observation decks, was awarded in April of the same year. Please enable cookies on your browser and try again. Prequalified contractors are preparing to submit bids for the main engineering, procurement and construction (EPC) works for the offshore packages of Saudi Aramco's $14bn-$15bn Marjan mega oil and gas field development. 13 KeyUpdates We can help you get detailed information and analytics from concept stage to execution and completion with Information related to Clients, Consultants, Contractors and projecttimeline. } Project management for Package 4 will be based out of Dubai, with engineering support from McDermott offices in Al Khobar, Saudi Arabia, and Chennai, India. A deadline of 13 January, 2019 was given to the contractors. The project is about Engineering, procurement and construction (EPC) contract to build a Gas Oil Separation Plant (GOSP) with capacity of 300,000 barrels per day (bpd) in Saudi Arabia. The production capacity of the Marjan GOSP-1 was 100,000bpd of oil and 175 million standard cubic feet of gas a day (Msfcd). Planned facilities include a gas-oil separation plant on Abu Ali Island to process 500,000 B/D of Arabian Light and additional gas processing facilities at the Khursaniyah gas plant to process 40,000 B/D of associated hydrocarbon condensate. The contract includes the fabrication of three tie-in platforms and seven wellhead platforms with a total weight of more than 61,400 tons (55,700 metric tons). Those statements are made by using various underlying assumptions and are subject to numerous risks, contingencies and uncertainties, including, among others: adverse changes in the markets in which we operate or credit markets, our inability to successfully execute on contracts in backlog, changes in project design or schedules, the availability of qualified personnel, changes in the terms, scope or timing of contracts, contract cancellations, change orders and other modifications and actions by our customers and other business counterparties, changes in industry norms and adverse outcomes in legal or other dispute resolution proceedings. For more than a century, customers have trusted McDermott to design and build end-to-end infrastructure and technology solutions to transport and transform oil and gas into the products the world needs today. Home Products & Services Saudi Aramco awards two Marjan EPCI contracts worth up to $1bn to McDermott, McDermott noted the combined value of the contracts is between $550mn to $1bn. Schedule a Demo Saudi Aramco has awarded 34 contracts worth a combined $18 billion for engineering, procurement, and construction work on the Marjan and Berri fields offshore Saudi Arabia. The onshore element of the project involves the expansion of the Tanajib processing complex with the addition of a gas plant. "The award of Marjan Package 4, in addition to Marjan Package 1, is further evidence of Aramco's confidence in McDermott's ability todeliver on a project of this scale," said Linh Austin, Senior Vice President, Middle East and North Africa. Front-end engineering and design (FEED) studies were started in 2017, while multiple developmental work packages for the expansion project were awarded in 2018 and 2019. HOUSTON, July 10, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced it has been awarded a contract in excess of $1.5 billion for Package 4 of Saudi Aramco's Marjan Increment Development Project to provide engineering, procurement, construction and installation (EPCI) of offshore gas facilities and pipelines. www.offshore-mag.com is using a security service for protection against online attacks. McDermotts project management and engineering teams for Package 1 will be located in its Asia-Pacific headquarters in Kuala Lumpur, Malaysia, in close proximity to its Batam Island fabrication facility in Indonesia and the COOEC facility in China. The engineering and fabrication phase for Packages 1 and 4 is scheduled to begin in Q3 2019 and Q1 2020 and the projects will be completed in Q4 2022. It is not clear if the Marjan offshore EPC works have been tendered to the new entrants as well. Baker Hughes General Electric (BHGE) received an integrated services contract for the Marjan field development in September 2018. Credit: Saudi Arabian Oil Co. Saudi Aramco looks set to delay its IPO once again. Estimated to contain 2.31 billion barrels of crude at the time of discovery, the giant Marjan field is located on Iran-Saudi Arabian water borders. State-owned China Offshore Oil Engineering Company (COOEC) has made a formal request to Saudi Aramco to withdraw involvement in the estimated $15bn-plus Marjan offshore field development scheme, according to sources. Saudi Aramco also started controlling the entire operation of the Marjan field from a computerised onshore control centre at Tanajib in the same year. Up to eight offshore international contractors are queuing up to potentially bid for two additional offshore packages from Saudi Aramco, involving work on oil and gas facilities required for its huge Marjan incremental development project. Published by ITP Media Group. All Rights Reserved. L&T Hydrocarbon Engineering (LTHE) was contracted for four tie-in platforms, one tie platform module, nine production deck modules, along with 217km of subsea pipelines and 145km of subsea cables, in July 2019. Amin Nasser: Saudi Aramco chief executive. Get industry leading news, data and analysis delivered to your inbox, Oil and gas news, data and in-depth articles on offshore projects, exploration and decommissioning and the trends driving technology and innovation. Itlalian contracting giant Saipem has secured a significant EPCI contract from Aramco for phase 3 expansion of the Marjan gas field, according to a report by DMS projects. Petrochemical engineering and construction services provider Sinopec Engineering, a subsidiary of China Petroleum & Chemical Corporation (Sinopec), was contracted for two pipeline projects for the Marjan field expansion in July 2019. The oil and gas produced at Marjan is processed onshore at Tanajib. Package 1 includes the delivery of project management, engineering, global procurement, fabrication, field operations, and marine knowledge services by McDermott. The expansion project forms part of Saudi Aramcos $18bn investment programme to boost the production capacity of the Marjan and Berri offshore fields by 550,000bpd of crude oil and 2.5Bscfd of gas. Technical and commercial offers for the two packages are likely to be submitted later this month, with the two contracts together believed to be worth between $3 billion and $4 billion, project observers said. Work on a fourth package covers the building and commissioning of GOSP 2. Marjan . 18 bids Targeted Personal Email List - 5000 6 days left Looking for a targeted/verified email address list : Location: USA Interest: People looking for a solution to get clean tap water. Key Facts. When completed, the offshore infrastructure EPC works tendered by Aramco will be able to handle 475,000 barrels a day (b/d) of oil, 813,000 b/d of liquids and 747 million cf/d of associated gas. The plant is located at Tanjib, 260 kilometers north of Dhahran. The Berri project will add 250,000 B/D of Arabian Light crude from the offshore field. DN Media Group is the leading news provider in the shipping, seafood, and energy industries, with a number of English- and Norwegian-language news publications across a variety of sectors. The first EPCI contract, valued at $3bn, was for the Marjan GOSP-4 and was awarded to a consortium of McDermott and China Offshore Oil Engineering Company (COOEC). In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, McDermott cautions that statements in this press release which are forward-looking, and provide other than historical information, involve risks, contingencies and uncertainties that may impact McDermott's actual results of operations. Copyright 2023. A cogeneration facility, water desalination facility, and transfer pipelines also will be built. Aramco has set a deadline of 13 January for contractors to submit bids for the offshore packages, according to a source. The offshore expansion also includes additional tie-in platforms, production decks, subsea export and infield pipelines, as well as the replacement of the decks on two existing tie-in platforms, the removal of existing gas turbine generators, and the installation of two 115kV subsea power and communication cables. Senior vice president for McDermotts Mena operation, Linh Austin, said: The award of Marjan Package 4, in addition to Marjan Package 1, is evidence of Aramcos confidence in McDermotts ability to deliver on a project of this scale., Commenting on Package 1s contract, he added:This award signifies Aramcos confidence in McDermotts project management expertise and ability to meet the interface, logistics, and coordination challenges that an EPCI project of this vast scale represents., McDermott wins Saudi Aramcos $4.5bn Marjan EPCI contracts, Musanada kicks off $41m Al Ain Zoo conservation projects, Lootah: 68% of property investors buoyed by UAE permanent residency. 9.67bn ($12bn) Owner and Operator : Saudi Aramco Commissioning : 2022 Key Contractors : McDermott, COOEC, Baker Hughes, WorleyParsons, Wood Group, Saipem, L&T, Sinopec, Jan De Nul Group Marjan is one of the oldest and biggest offshore oil and gas fields in the Arabian Gulf, Saudi Arabia. McDermott announced that it won two engineering, procurement, construction and installation (EPCI) contracts from Saudi Aramco for its offshore Marjan field. The purpose of the MPP programme is to manage the maintenance, revamping, or expansion operations of all Aramco offshore facilities. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. John Wood Group was awarded a five-year contract for providing engineering and project management services in February 2018. Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. COOEC will provide fabrication support and marine vessels as part of the consortium. Investor RelationsScott LambVice President, Investor Relations+1 8325131068Scott.Lamb@McDermott.com, Global Media RelationsGentry BrannSenior Senior Vice President, Communications, Marketing and Administration+1 281 870 5269Gentry.Brann@McDermott.com, Local Media Relations Barbara KnightSenior Director, Area Communications and MarketingMiddle East and North Africa (MENA)+971 (0)4 804 3990BBknight@McDermott.com, View original content to download multimedia:http://www.prnewswire.com/news-releases/mcdermott-awarded-epci-mega-project-by-saudi-aramco-for-marjan-package-4-300882439.html. Furthermore, the project will also include the development of a water desalination facility and a co-generation facility. The service requires full cookie support in order to view this website. EPC works on package 4 pertain to provision of offshore gas facilities to process a total of about 1.26 billion cubic feet a day (cf/d) of gas from the Marjan field, with the bulk of the associated gas coming from GOSP 4. Marjan is one of the oldest and biggest offshore fields in the Arabian Sea, South Arabia. WorleyParsons, a provider of professional project and asset services, received the front-end engineering and design (FEED) services contract for the project in July 2017. Project Type Offshore oil and gas field expansion Location Arabian Gulf (also known as the Persian Gulf), Saudi Arabia Discovered 1967 Owner and Operator Published by ITP Media Group. You will be redirected once the validation is complete. It is the premier source of information for industry leaders and professionals. For a more complete discussion of these and other risk factors, please see McDermott's annual and quarterly filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2018 and subsequent quarterly reports on Form 10-Q. The Nexans Aurora cable vessel will be used to lay 180km of 230kV HVAC submarine power cables for the project. The project aims to boost production from the Marjan field production by 300MBCD of Arabian Medium Crude Oil and process 2.5BSCFD of gas. The project scope involves EPCI of five gas lift platforms, demolition of existing structures as well as gas oil separation plant upgrades. Saudi-based firms took 16 of the contracts, while the rest of the contracts went to firms including Saipem, McDermott International, Subsea 7, Tecnicas Reunidas, China Petroleum & Chemical, Larsen & Toubro, and Hyundai Engineering & Construction. The offshore oilfield development project aims to increase the Marjan Field production by 300 thousand barrels of oil per calendar year (MBCD) of Arabian Medium Crude Oil, process 2.5 BSCFD of gas, and produce an additional 360 MBCD of C2+NGL. American contracting heavyweight McDermott has won two engineering, procurement, construction, and installation (EPCI) contracts with a combined value of $4.5bn (SAR16.8bn) from oil and gas giant Saudi Aramco for Packages 1 and 4 of its Marjan Increment Development, a megaproject located in the Arabian Gulf, off Saudi Arabia's East Coast, that will increase production from 500,000 barrels . Arabian Gulf (also known as the Persian Gulf), Saudi Arabia. (December 2018) Contractors prepare bids for the main EPC works for five offshore packages worth a combined value of $2.65bn. This press release reflects management's views as of the date hereof. The second contract, worth $1.5bn, was awarded to just McDermott and included three tie-in platforms, seven wellhead platforms, and the installation of subsea trunk lines and in-field pipelines of a total length of 540km. The existing infrastructure facilities for the field include three offshore gas-oil separator plants (GOSPs). The construction of the Tanajib gas plant (TGP) started in 2020 and is expected to be completed in 2025. Saudi Arabian state-owned oil giant and the worlds largest oil company, Saudi Aramco, has awarded 34 contracts worth $18bn (SAR67.5bn) for the engineering, procurement, and construction (EPC) requirements of its Marjan and Berri oil field incrememnt programmes, which will create thousands of jobs in Saudi Arabia and see production capacity rased by 550,000 barrels per day (bpd) of Arabian Crude Oil and 2.5 billion standard cubic feet a day (BSCFD) of gas, with 50% of the deals awarded to home-grown companies as part of Aramcos In-Kingtom Total Value Add (Iktva) programme to boost localisation. Credit: Heerema Marine Contractors. The giant Marjan project is part of vast investment program by Saudi Aramco, initiated after its failed attempt at an initial public offering last year. Crude production from Marjan started after the offshore installation of a gas and oil separation plant (Marjan GOSP-1) in 1973. Private equity deal activity in the oil & gas industry in North America remained flat in Q1 2023, Who's investing where? The page you requested has generated an unexpected error. Marjan Package 4 represents the second largest EPCI offshore contract awarded by Saudi Aramco in the Marjan Increment Development Project. The MIP is an integrated development plan to retrieve more oil, associated and non-associated gas, as well as cap gas from the Marjan offshore field. The Marjan field lies in the Arabian Gulf, off Saudi Arabia's East Coast. In September 2019, Subsea 7, a subsea engineering and construction company of Subsea 7 Group, was awarded an EPCI contract for the projects package 2 in collaboration with L&T Hydrocarbon Engineering (LTHE), a subsidiary of Larsen & Toubro. Package 1 of the programme will include the installation of six platforms weighing between 4,500t and 6,700t with a maximum footprint of 90m x 52m. These forward-looking statements include, among other things, statements about backlog, to the extent backlog may be viewed as an indicator of future revenues or profitability, and statements about the expected value, scope, execution and timing of the project discussed in this press release. Published by ITP Media Group. Itlalian contracting giant Saipem has secured a significant EPCI contract fromAramcofor phase 3 expansion of the Marjan gas field, according to a report byDMS projects. Marjan oil field is located on the eastern coast of the Arabian Gulf (also known as the Persian Gulf), in Saudi Arabia. The expansion project involves the construction of a new offshore gas oil separation plant (Marjan GOSP-4) and 24 oil, gas, and water injection offshore platforms. We have recently upgraded our technology platform. Engineering work will take place in its Dubai and Al Khobar offices. McDermott said the first . Oil & GasUpstream >, Oil & GasUpstreamRigs >, Browse Gas and Condensate Project, offshore Australia, Valeura Energy announces extension of Jasmine oil field FPSO and operating contract, Semco Maritime to acquire German full-service provider Wind Multiplikator, PSEG completes sale of its 25% equity interest in Ocean Wind 1 to rsted, Bender launches new subsea cable LIM Insulation Monitoring device, Advertise with us Advertising enquiries: Roy Morris, roy.morris@progressivemediainternational.com, +44 (0) 20 7406 6613. It's free to sign up and bid on jobs. Top contractors includingMcDermottandNPCCwere in the race for this sizeable contract, the value of which is estimated to be around $1 billion. Discovered in 1967, the Marjan field was originally estimated to contain 2.31 billion barrels of recoverable crude oil. Latest Construction News | Construction Week Online, Home Projects and Tenders Saudi Aramco awards $18bn EPC contracts for Marjan, Berri oil fields, 50% of the 34 contracts awarded for increment programmes at Marjan and Berri have gone to high-caliber Saudi Arabian firms. Credit: Siemens Energy. It is understood that the Marjan crude increment programme comprises five offshore packages with an estimated combined value of $2.65bn. 14. The Marjan Crude Increment Programme is being implemented through multiple work packages, with an estimated total investment of $12bn. The two offshore contracts were offered last year by the Saudi state-owned giant to pre-qualified players that are a part of the country's general bid slate, involving a wide range of international engineering, procurement and construction players. The Marjan Crude Increment Programme includes the development of 24 oil, water and gas injection platforms, 200km of cables and an offshore GOSP complex, named Marjan GOSP-4, within 10km of the GOSP-2 and GOSP-3 facilities.
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