Dolphin Energy concludes tender evaluation for construction contract for Taweelah - Fujairah Gas Pipeline |
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Abu Dhabi, UAE, July 13, 2008 - Dolphin Energy LimitedDolphin Energy Limited
announced today that it is in the process of concluding the evaluation of Priced Tenders for the construction contract of its new Taweelah to Fujairah Gas Pipeline (TFP) across the UAE. Five Priced Tenders from international construction companies have been received by Dolphin EnergyDolphin Energy of which three are within a competitive range. They are: Consolidated Contractors InternationalConsolidated Contractors International (CCCCCC), Greece; Stroytransgaz (STG) of Russia and Saipem/Snamprogetti of Italy. The award is expected to be finalized by August 1, 2008.
The award for the TFP line pipe was announced earlier, in December 2007. The order went to Salzgitter Mannesmann International GmbH, and is worth more than $200 million: some 120,000 tons of X70 48-inch coated line pipe will be supplied in total. Already more than 40 percent of the pipe lengths have been received, with delivery completion set for spring 2009.
-Ends-
Dolphin EnergyDolphin Energy Limited
Dolphin Energy LimitedDolphin Energy Limited was created to develop substantial energy projects throughout the GCC and to create long-term economic wealth and new business opportunities for GCC citizens, far into the future.
Dolphin EnergyDolphin Energy's major strategic initiative, the Dolphin Project, involves the production and processing of natural gas from Qatar's North Field, and transportation of the dry gas by sub-sea export pipeline from Qatar to the UAE, which began in July 2007. The long term customers for Dolphin gas from Qatar are ADWEA (Abu Dhabi Water & Electricity Authority), UWEC (Union Water & Electricity Authority), DUSUP (Dubai Supply Authority) and from 2008 OOC (Oman Oil Company). Each has signed a gas supply agreement with Dolphin EnergyDolphin Energy for 25 years.
Dolphin EnergyDolphin Energy is owned 51 percent by Mubadala Development Company, on behalf of the Government of Abu Dhabi - and 24.5 percent each by Total of France and Occidental Petroleum of the USA. Detailed information about Dolphin EnergyDolphin Energy can be found on: www.dolphinenergy.com
For further information
Mariam Al Badr
DVP Corporate Communications
Tel +971 2 6995500
Fax +971 2 6995578
© Press Release 2008
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