GAS, JGC Arabia sign SAR 139.5 mln contract for Zuluf oilfield project

10/01/2023 Argaam
Company executives at the signing ceremony

Company executives at the signing ceremony

Gas Arabian Services Co. (GAS) signed today, Jan. 10, a contract with JGC Arabia Limited for developing of Saudi Aramco’s Zuluf onshore oilfield project, at a total value of SAR 139.5 million, excluding value-added tax.

 

In a statement to Tadawul, the company said the contract includes steel structure pre-assembly and erection, equipment installation, piping, painting and support services.

 

The contract is valid for two years.

 

The contract will reflect a positive financial impact on the company’s financials for 2023 and 2024.

 

There are no related parties to the contract, the statement added.

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