Saudi Aramco signs development deals with UK, South Korean companies

February 28, 2009

Saudi Aramco today awarded on-shore contracts for the Karan gas field to UK-based Petrofac Ltd and South Korea's Hyundai Engineering and Construction Co Ltd.

Hyundai and Petrofac won turnkey contracts to implement engineering, construction and supply works for the utility and co-production in Karan gas field, including support utilities for gas treatment units. Karan is the first unassociated gas field developed by Saudi Aramco in the submerged area in response to the growing domestic demand. Karan gas field will produce 1.8 billion standard cubic feet per day by 2011.

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