Tecnicas Reunidas offers lowest bids for Aramco projects: report

Spain’s Tecnicas Reunidas has offered the lowest bids to build two gas projects planned by Saudi Arabian Oil Co. (Saudi Aramco), Reuters reported, citing unnamed sources.

Italy’s Saipem, Samsung E&C have also submitted bids on the Haradh and Hawiyah gas compression stations and the Hawiyah gas plant.

The new gas compression plants and the expansion of the Hawiyah gas plant are expected to cost more than $4 billion.

Saudi Aramco is planning to raise the processing capacity at Hawiyah by 1.3 billion standard cubic feet per day (scfd) compared to the current 2.5 billion scfd.

“We expect results to be announced at the beginning of November,” a spokesperson for Samsung Engineering said.

The kingdom is targeting to raise the use of gas in its energy mix to 70 percent, while Aramco plans to nearly double gas production to 23 billion scfd in the next decade.