Friday, Sep 09, 2011
Gulf News
Dubai Paris-based Technip and Abu Dhabi-based National Petroleum Construction Company (NPCC) have won a $500 million (Dh1.83 billion) project to develop oil fields north of Abu Dhabi.
The contract is for engineering, procurement and construction at the Satah Full Field Development project 200 km outside the capital and was awarded by Abu Dhabi’s Zakum Development Company (Zadco).
“The project scope involves offshore brownfield works to the existing well head platforms and production manifold platform, installation of infield pipelines, as well as modifications and installation of new facilities at the Onshore Satah plant at Zirku Island,” Technip said in a statement yesterday.
The Satah Full Field Development project’s objective is to maximise crude oil production and oil recovery by reducing the wellheads’ back pressure and introducing of gas injection and gas lift facilities.
“This project award is the recognition of our expertise in the growing brownfield projects market in the Middle-East,” said Arturo Grimaldi, senior vice-president of Technip in the Middle East. “It also reflects the confidence of our client Zadco in the strong consortium that we form with NPCC,” he added.
Collaboration
Technip’s operating centre in Abu Dhabi will execute the engineering and procurement activities while construction and installation activities for offshore works will be performed by NPCC. The onshore construction activities will be carried out jointly by the consortium companies. Technip said its part of the contract is 35 per cent.
Commenting on the deal yesterday, IHS senior Middle East energy analyst Samuel Ciszuk told Gulf News that it would be well received, as development of the Satah site had been subject to delays. The development is part of the emirate’s efforts to expand its oil production for the best part of a decade, he said.
“It’s part of the whole growth programme that Abu Dhabi has been pushing for some time,” he said.
He was also positive about the prospect for raising production in Abu Dhabi that the development of the field would represent.
“There’s been gas shortages and a lot of those kinds of problems that has forced them to delay the project. There has been a sense that projects have been slow to get off the ground in Abu Dhabi,” he said.
Technip is a global project management, engineering and construction services provider for the energy industry that has a presence in 48 countries.
This project award is the recognition of our expertise in the growing brownfield projects market... It also reflects the confidence of our client Zadco in the strong consortium that we form with NPCC.”
Arturo Grimaldi
Senior Vice-President of Technip in the Middle East
By Orlando Crowcroft?Business News Editor And Himendra Mohan Kumar?Staff Reporter
Gulf News 2011. All rights reserved.
