May 16 - 22, 2016

11Business

*Sources: DMS ProjectsEP: Engineering & Procurement

COMPANY NEWS

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PROJECT FACILITY BUDGET STATUSAddar Chemicals Company (ACC) - Greenfield Sulfolane and Speciality Chemical Plant Sulfolane 60 ConstructionBasic Chemical Industries Company (BCI) - CP Kelco - Xanthan Gum Facility Propylene 105 Feasibility StudyClariant - Masterbatch Production Plant Polymers 47 ConstructionIdea International - Yanbu Polysilicon Plant & Solar Wafer Production Plant Polymers 1,100 On HoldINOCHEM - Soda Ash and Calcium Chloride Complex Detergents 300 ConstructionJeddah Municipality - King Abdul Aziz Airport Expansion - Floodwater Prevention Scheme Canal 903 E & PJubail Chemicals Storage & Services Company - Petrochemicals Quay 2 (PCQ 2) Petrochemical Plant 450 ConstructionJubail Chemicals Storage and Services Company (JCSSC) - Storage,

Handling & Shipping Terminal at King Fahd Industrial Port Marine Terminal 400 ConstructionKayan Petrochemical Company (KPC) - Ultra High Molecular Weight Polyethylene Plant Polyethylene 200 ShelvedKemya Elastomer Plant - Ethylene Propylene Diene Monomer (EPDM) Plant Ethylene 600 ConstructionKemya Elastomer Plant - Halobutyl Rubber Plant (HRP) Petrochemical Plant 600 ConstructionKemya Elastomer Plant - Methyl Tertiary Butyl Ether (MTBE) Plant MTBE 1,000 ConstructionKemya Elastomer Plant - Offsites and Utilities Offsites & Utilities 500 ConstructionKemya Elastomer Plant - Polybutadiene Rubber (PBR) Plant Petrochemical Plant 3,400 ConstructionKhafji Joint Operations (KJO) - Dorra Gas Field Development (Overview) Gas Field Development 5,000 On HoldKhnaiguiyah Mining Company - Khnaiguiyah Zinc-Copper Project Zinc 257 Feasibility StudyKing Fahd Causeway Authority - Saudi-Bahrain Causeway Expansion Roads 285 E&PKuwait Gulf Oil Company (KGOC) - Gas and Condensate Export System, Condensate Refinery 2,000 ConstructionLuberef - Luberef II Yanbu Refinery Expansion Lube Oil 1,000 ConstructionMaaden - Sabic - Mosaic - Waad Al Shamaal Phosphate City (Overview) Phosphate 9,600 ConstructionMaaden - Sabic - Mosaic - Waad Al Shamaal Phosphate City - Umm Wu’al Phosphate Downstream Plants Petrochemical Plant 500 EPC ITBMaaden - Sabic - Mosaic - Waad Al Shamaal Phosphate City - Ammonia Plant (Package 1) Petrochemical Plant 850 ConstructionMaaden - Sabic - Mosaic - Waad Al Shamaal Phosphate City - Mine & Beneficiation (Package 3a) Phosphate 600 ConstructionMaaden - Sabic - Mosaic - Waad Al Shamaal Phosphate City - Sulphuric Acid Plant & Power Plant Sulphuric Acid 1,500 ConstructionMaaden - Sabic - Mosaic - Waad Al Shamaal Phosphate City - Umm Wu’al DAP/NPK Plant & Storage Project Petrochemical Plant 750 ConstructionNational Industrialization Company (TASNEE) - Metals Smelter Complex Zinc 1,000 On HoldNational Petrochemical Industrial Co.(NATPET) - A. Schulman - Polypropylene Compounding Plant Polypropylene 120 ConstructionNational Shipping Company of Saudi Arabia (Bahri) - VLCC Construction Very Large Crude Carriers 1,000 ConstructionPetro Rabigh Refinery & Petrochemical Complex Expansion - Phase 2 (Overview) Aromatics 5,000 ConstructionPetro Rabigh Refinery & Petrochemical Complex Expansion - Phase 2 - Clean Fuel Package Sulphuric Acid 1,000 EPC ITBPetro Rabigh Refinery & Petrochemical Complex Expansion - Phase 2 - MTBE Plant MTBE 500 ConstructionPetro Rabigh Refinery & Petrochemical Complex Expansion - Phase 2 - Tank Farm Package & Common Facilities Refinery 500 ConstructionPetro Rabigh Refinery & Petrochemical Complex Expansion - Phase 2 - Utilities and Offsites (UO1) Offsites & Utilities 5,000 ConstructionQurain Petrochemical Industries Company (QPIC) - Royal Commission for Jubail & Yanbu (RCJY) - PTA & PET Plant Paraxylene 1,200 On HoldSabic - Celanese Corporation - National Methanol Company (Ibn Sina) - Polyacetal Plant Factory Offsites & Utilities 400 Construction

Name of client : Saudi Arabian Oil Company Budget : $1.5 billionFacility type : Gas FieldSector : GasStatus : EPC ITBLocation : Hasbah

BackgroundThe new Hasbah scheme will expand the production

capacity of the offshore field by an additional 2 billion cubic feet a day (bcfd), which will then be piped onto the onshore Fadhili gas plant. Project status

April 2016: While it is understood that McDermott won three contracts and Saipem one deal, in which both companies signed the Contract Release Purchase Orders (CRPO) with Aramco; the client has yet to con-firm which contractor has been awarded the Hasbah expansion.Project Scope

The new Hasbah scheme will expand the production capacity of the field by an additional 2 billion cubic feet a day (cf/d), which will be piped to the onshore under-development Fadhili gas plant.

The scope includes engineering detail design, pro-

curement of equipment and materials, fabrication, construction, transportation, installation, hook-up, testing and pre-commissioning for the following:• Six (6) unmanned (4 well) Offshore Wellhead Plat-form (design flowrate of each WHP – 540 MMSCFD) – 4 level 4• Two (2) unmanned Tie-in platforms (HSBS TP2 & TP3) (including jackets) with flare platform and bridges• Pipelines,• Flowlines,• Umbilicals,• Submarine Composite Cables,• Onshore Beach Valve Station and Modification on MRJN GOSP 2 & 3

The wellhead platform’s topsides consist of a 4-lev-el deck plus helideck structure comprising of Cellar deck, Main deck, Mezzanine deck and Upper deck. Hasbah field is located 150 km northeast of Jubail, 250 km north of Dhahran.Project Schedules Feasibility Study Q4-2014EPC ITB Q4-2015Engineering & Procurement Q2-2016Completion Q2-2019

Saudi Aramco – Hasbah Offshore Gas Field

Aramco is developing Hasbah

A TEAM led by AJ Jain, Harkand North America managing director, has agreed to a management buyout (MBO) of Harkand’s North Ameri-can and African business.

The new company, to be named Ethos Offshore Limited, will continue to provide subsea engineering and construction services to Harkand’s existing US, Mexican and West African client base to market-leading standards. The new company, backed by investment funds advised and managed by Oaktree Capital Management,, is expected to have a con-tracted backlog of $145 million worth of projects. The move also could potentially safeguard more than 100 jobs across North America, Africa and Mexico. The MBO has ensured that Ethos Offshore is able to de-liver the full scope of subsea services to established clients, includ-ing ROV and diving, inspection, engineering, project management and survey services. This will provide a sound platform for growth as new opportunities arise.

Operations in the three regions will continue to be led by AJ Jain as chief executive officer, supported by Brian Schacht, head of business development and communications, James Parker, head of North Ameri-ca operations and Doug Fieldgate, head of West Africa operations.

Jain said: “Throughout the transition process, our focus will be to en-sure that there is no disruption to clients. Our project teams will con-tinue to deliver the high standard of services that our clients are accus-tomed to. We are delighted that Oaktree Capital Management continues to believe in the business created by the North America team of Har-kand and is supporting not only the current projects but also the growth ambitions of our new company.”

Guillaume Bayol, vice president at Oaktree, said: “The management team of Ethos Offshore, led by AJ Jain, has an established track record of delivering excellence to clients and partners in the Gulf of Mexico and West African markets. We are excited to work with them to build Ethos Offshore into a company with the highest reputation for safety, service and value for money.”

Ethos Offshore completes buy

PROJECT WATCH – SAUDI ARABIA *

CONTACT USTel: +973 1740 5590 • Fax: +973 1740 5591 • info@dmsglobal.net

www.dmsprojects.net

SECTORS COVERED• Construction• Gas• Industrial• Infrastructure• Mining• Offshore• Oil• Petrochemicals• Pipeline• Power

• Refining• Renewal• Water

REGIONS COVERED• Asia Pacific• China• Central America• Europe• Indian Sub-Continent• Middle East & North Africa• North America• Russia & CIS• South America• Sub-Saharan Africa

DMS Projects tracks thousands of projects in over 100 countries across 13 major sectors, making the DMS Projects Matrix the most accurate, encompassing and extensive resource for companies looking for new business opportunities anywhere. DMS Projects brings to you the latest information about future, on-going, and completing projects. Having this information at your fingertips will enable you to make informed business development decisions to give you the edge that you need in today’s competitive marketplace.

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