|
| Owner |
: |
Consortium of Lukoil Holdings and South Oil Company
|
| Shareholders |
: |
Lukoil HoldingsLukoil Holdings - Russian Federation - 75.00 %
South Oil CompanySouth Oil Company - Iraq - 25.00 %
|
| Location |
: |
West of Al Basra, Iraq
|
| Contract Type |
: |
EPC - Engineering, Procurement, Construction |
| Facility Type |
: |
Export Pipline |
| Capacity |
: |
105 Km pipeline |
|
| Background |
The Consortium of LukoilLukoil and SOCSOC plans to build an export pipeline as part of the West Qurna 2 oilfield development.
The pipeline will carry oil to the Tuba terminal. |
| Expected Events |
| Schedule |
Contract Phase/Phase |
Description |
| Jan 2013 |
Completion | Project expected to be completed
|
|
| Latest Events |
In April 2012, bids for the EPC contract were still under evaluation.
In January 2013, the project is expected to be completed. |
| Previous Events |
In March 2012, Statoil withdrew from the consortium and sold its shares to LukoilLukoil and Jindal Saw was awarded the supply contract.
On 2 November 2011, the bids for the EPC contract were submitted. However the company names were not disclosed.
On 20 September 2011, the ITB for the EPC contract was re-issued.
In Q3 2011, LukoilLukoil decided to re-tender the EPC contract due to changes in the scope of work.
On 30 March 2011, technical and commercial bids for the EPC contract were submitted (delayed from December 2010).
In September 2010, the ITB for the EPC contract was issued.
On 31 January 2010, LukoilLukoil and Statoil signed the development and production service contract with the Iraqi Government for the implementation of the project. The contract is valid for 20 years with an opportunity of extension for 5 years. |
| Scope of Work |
Construction of a 105 Km export pipeline with all associated facilities. |
| Contract Packages |
| Type |
Project Name |
Contract Value |
 |
Lukoil/SOC - West Qurna 2 Oilfield |
USD 2,000,000,000 |
 |
Lukoil/SOC - West Qurna 2 Oilfield - Early Production Facilities |
- |
|
Lukoil/SOC - West Qurna 2 Oilfield - Gathering System and Oil Treatment Unit |
USD 1,000,000,000 |
|
Lukoil/SOC - West Qurna 2 Oilfield - Power Distribution Stations |
USD 236,000,000 |
|
Lukoil/SOC - West Qurna 2 Oilfield - Tank Farm |
USD 61,000,000 |
|
|
| Schedule | Contract Phase/Phase | Description |
| 31 Jan 2010 |
BOO | LukoilLukoil and Statoil signed the development and production service contract with the Iraqi Government
|
| Sep 2010 |
EPC | ITB issued
|
| 30 Mar 2011 |
EPC | Technical and commercial bids submitted
|
| 20 Sep 2011 |
EPC | ITB re-issued
|
| 02 Nov 2011 |
EPC | Bids submitted
|
| Jan 2012 |
EPC | Contract awarded to Samsung Engineering CompanySamsung Engineering Company
|
| Feb 2012 |
EPC | Engineering works started
|
| Mar 2012 |
Planning | Statoil withdrew from the consortium and sold its shares to LukoilLukoil | | | Supply & Installation | Supply contract awarded to Jindal Saw
|
| Jan 2013 |
Completion | Project expected to be completed
|
|
|
Package Project
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