Saudi Arabian Water Treatment Plant $327 Million Contract Awarded to Webuild Subsidiary
Two contracts for a combined $350 million have been awarded to the Italian business Fisia Italimpianti, a Webuild Group affiliate, to build and operate a water treatment facility at the Zuluf offshore oil field in Saudi Arabia. A $327 million engineering, procurement, and construction (EPC) contract for the building of a facility with a daily capacity of 185,000 cubic metres of water treatment is among the contracts. In order to maintain pressure and aid in the production of crude oil, the treated water will be pumped once again into oil wells.
Saudi Arabian Water Treatment Plant $327 Million Contract Awarded to Webuild Subsidiary
Introduction:
Fisia Italimpianti, a division of Webuild Group, has won two large contracts for a combined $350 million. The contracts cover the building and operation of a water treatment facility at Saudi Arabia’s offshore Zuluf oil production. With these agreements, Fisia Italimpianti enters the oil and gas market and Webuild strengthens its position in the water market. Let’s examine these contracts’ specifics and ramifications now.
Contract Details ;
Contract 1: Engineering, Procurement, and Construction (EPC) Contract ($327 million)
- Fisia Italimpianti will construct a water treatment plant to treat and filter up to 185,000 cubic meters of water per day.
- The plant will be located in eastern Saudi Arabia, near the Tanajib airport.
- The treated water will be reinjected into oil wells to help maintain pressure, aiding in the production of Arab Heavy crude oil.
- Completion of the project is expected within three years, generating 1,500 direct and indirect job opportunities.
$112 million for Contract 2: Operation and Maintenance Contract
- For a period of 25 years, the finished water treatment plant will be operated and maintained by Fisia Italimpianti in association with Almar Water Solutions, Aljomaih Energy and Water, and Aquatech International.
- The joint venture will guarantee the plant’s efficient operation and durability.
Project Significance:
Fisia Italimpianti’s expansion into the oil and gas industry will diversify its business activities while also expanding the company’s portfolio. The contracts provide the subsidiary the chance to use its water industry knowledge to enhance oil production activities.
The water treatment facility is a crucial component of the Zuluf Field Development Programme, notably the Arab Heavy (AH) Crude Oil Increment, which is run by Aramco. The ZULUF Central Processing Facilities will increase the efficiency of oil extraction and raise production levels overall.
Job Creation and Economic Impact:
The project’s three-year timeline will result in both direct and indirect employment possibilities, boosting the neighborhood’s economy. It is anticipated that the increase in employment possibilities would promote regional economic expansion.
The Knowledge of Fisia Italimpianti:
Construction of the Water Treatment Plant: Due to Fisia Italimpianti’s wealth of water industry expertise, the company is a dependable option for the water treatment plant’s construction. The company’s experience in engineering, purchasing, and construction will guarantee the project’s success.
Operation and Maintenance:
Fisia Italimpianti’s return to the water sector’s operation and maintenance segment demonstrates its dedication to providing long-term solutions. The proper operation and maintenance of the water treatment facility are guaranteed by the joint venture with important industrial participants.
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Conclusion:
The accomplishment of Fisia Italimpianti in obtaining the $327 million contract to develop a water treatment facility at the Zuluf offshore oil well in Saudi Arabia is a crucial turning point for the subsidiary and its parent business, Webuild Group. Webuild’s position in the water sector is strengthened by the entry into the oil and gas sector and the operation and maintenance contract, which also open up new development prospects. Fisia Italimpianti and its partners will assist the production of Arab Heavy crude oil by utilising their water treatment skills to further the ZULUF field development programme. Additionally, the project’s completion will benefit the neighborhood’s economy by generating jobs and boosting
