SEOUL -- Doosan Enerbility, a key player in South Korea's power industry, has clinched a contract worth about $385 million to build a cogeneration plant that will provide electricity and heat to gas processing facilities in Jafura located between Ghawar, the world's largest conventional onshore oilfield, and the Persian Gulf coast in Saudi Arabia. The plant will be completed in the second half of 2025.
South Korea's state power company, KEPCO, has been selected as a project developer to build Saudi Aramco's Jafurah cogeneration independent steam and power plant. Doosan Enerbility said in a regulatory filing on September 23 that it has signed an engineering, procurement and construction (EPC) turnkey contract with KEOCO.
The Jafurah field holds estimated reserves of 200 trillion cubic feet of raw gas. Saudi Aramco expects the field's production to reach 2.2 billion standard cubic feet per day of sales gas by 2036, along with the production of ethane, gas liquids and condensates.
"As orders for combined thermal power plants of about 30 GW are expected in Saudi Arabia and other Middle East countries over the next five years, we will strengthen our marketing activities," said Park In-won, head of Doosan Enerbility's EPC business division. Saudi Aramco has disclosed plans to develop the Jafura unconventional gas field in two stages. The first phase is scheduled to be completed in 2025, and the second phase in 2027.
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