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Yuchengco-led firm bags $140.9-M Saudi Aramco deal

By Doris Dumlao
Philippine Daily Inquirer
First Posted 14:45:00 03/04/2010

Filed Under: Heavy construction, Oil & Gas - Upstream activities, Infrastructure

MANILA, Philippines ? A Yuchengco-led construction and infrastructure firm has bagged a new $140.9 million subcontract package to provide construction services for Saudi Arabian Oil Co. (Saudi Aramco) in Manifa, Saudi Arabia.

The Manifa project is part of the major crude oil increments project for the Kingdom of Saudi Arabia and will jack up the sovereign's oil output by 900,000 barrels per day, EEI disclosed to the Philippine Stock Exchange on Thursday.

The subcontract was awarded to EEI's joint venture company in Saudi Arabia, Al Rushaid Construction Co. Ltd. (ARCC), by JGC Arabia Ltd. for the central processing facilities for Saudi Aramco.

The work that ARCC will undertake is part of a package contract awarded to JGC which involves the engineering, procurement and construction services for utilities, storage and shipping facilities of the central processing facilities. Its scope of work focuses on the construction of the utilities and involves, but is not limited to mechanical, electrical and instrumentation works.

The site works will start on September this year.



Copyright 2011 Philippine Daily Inquirer. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



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