Essar Projects Bags $54 Million Deal From Saudi Arabian Oil Company

New Delhi: Essar Projects on Tuesday said it has bagged a $54 million (over Rs 328 crore) maiden contract from Saudi Arabian national oil company Saudi Aramco.
"The $54-million EPC project involves the upgradation of a Crude Stabilisation Unit at Aramco's Abqaiq Plant, in Shaybah, one of the largest oilfields in the world," the company said in a statement.
The scope of work entails engineering, procurement and construction of a crude tank, replacement of crude pumps and associated civil, piping, electrical and instrumentation facilities. The project is scheduled to be completed in 29 months.
The Hydrocarbon SBU (strategic business unit) of Essar Projects, a global engineering, procurement, construction (EPC) contractor, has secured the contract from Saudi Aramco.
The company is already executing five other projects in the region in the hydrocarbon sector.
"This contract is a reflection of our capability to undertake global projects from reputed clients in this region. We will leverage the capabilities gained to enhance our foot print in other Middle East countries," said Amit Gupta, CEO of the Hydrocarbon SBU at Essar Projects.
The company has experience in refinery projects having previously executed a world-scale grass-roots refinery at Vadinar, Gujarat, with an initial capacity of 10 million tonnes per annum, which was gradually expanded to 14 million tonnes and then 20 million tonnes.
It also executed the supporting infrastructure and facilities that include SBM for crude unloading, product jetty for refinery product export, a tank farm with total tankage of 3 million cubic metres for crude, products and intermediate and 77 MW of captive power plant.