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Abu Dhabi - On behalf of Abu Dhabi National Oil Company, ADNOC, Abu Dhabi Gas Liquefaction Company (ADGAS) signed today the Engineering, Procurement & Construction (EPC) contract for the First Phase of the Integrated Gas Development Expansion phase-I (IGD-E1) Project, with a consortium of Tecnimont-Archirodon, at an approximate value of US$ 491 million. The project total duration is 40 months and forecasted to be completed by June 2018.
The Lump-sum turnkey agreement was signed today at ADGAS HQ premises, by Mr. Fahim Kazim, ADGAS CEO, Mr. PierrobertoFolgiero, Tecnimont CEO, and Mr. Dennis Karapiperis, Archirodon Chief Operating Officer, in the presence of Dr. Saif Al Nasseri, Director of Gas Processing, ADNOC, and a number of senior officials from both parties.
"The project we signed today signifies a major milestone which reflects ADGAS new vision and commitment to participate in the country's national energy strategy. It's our pleasure to have a consortium of Tecnimont-Archirodon with us in this mega project, which requires maximum attention in terms of quality and HSE", said Mr. Fahim Kazim in a statement after the signing ceremony.
"In this particular project, the consortium has demonstrated its competitive edge in terms of pricing, schedule and willingness to do the project and we assure them of our maximum co-operation to do the job successfully," he added.
The agreement includes the construction and commissioning of new facilities on Das Island that is required for increasing the offshore gas processing capacity, including construction of new 4th gas Dehydration train, New common dry gas compression after coolerand land reclamation works for the IGDE Phase l & II.
The project is part of Abu Dhabi National Oil Company (ADNOC's) strategic initiatives for meeting the growing demand for energy locally. aimed at enhancing the gas production capacity by developing the facilities of the existing IGD project to boost the gas export from offshore to onshore.
Recently, Abu Dhabi Gas Industries Ltd. (GASCO) and Abu Dhabi Gas Liquefaction Company Ltd (ADGAS) have awarded three Engineering, Procurement, Construction and Commissioning (EPC) Contracts for the Integrated Gas Development Expansion (IGD-E I) Project to multiple renowned Contractors on Lump Sum Turnkey Basis.
IGD-E Project is a unified project to further increase Offshore gas export capacity by an incremental 400 MMSCFD Offshore HP Gas from Das Island to Habshan. This will be in addition to the current gas processing capacity of 1,000 MMSCFD realized under the OAG and IGD Projects.The new facilities at Habshan-5 will also accommodate an additional onshore Gas 300 MMSCFD from Abu Dhabi Company for Onshore Oil Operations (ADCO) North East Bab (NEB-III). In addition to 439 MMSCFD from North West Abu Dhabi offshore field.
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© Press Release 2015
