Technip Awarded Contract for the New Jubail Refinery Project
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Author: Press Release
Released 7 September 2006
Paris, August 29, 2006 - Technip has been awarded a program management services (PMS) contract by Saudi Aramco and its partner Total, for the development of a large grass-roots refinery in Jubail on the east coast of the Kingdom of Saudi Arabia. Once built, the complex will be one of the largest refineries in the Middle East, processing approximately 400,000 barrels per day (BPD) of Arabian crude oil.
According to the terms of the contract, over an 18-month period, Technip will carry out the front-end engineering design (FEED), develop capital and operating cost estimates, prepare the engineering, procurement and construction (EPC) bid packages, and provide management services during the execution of the project’s detailed engineering, procurement and construction phases. In exchange for these services, Technip will be compensated by the client on a cost plus fee basis.
The contract will be executed by Technip’s operations and engineering center in Rome and by the Group’s local affiliate, Technip Saudi Arabia.