Seoul, Korea: Samsung Engineering, a world leading engineering, procurement, construction and project management (EPC&PM) company, announced today that it received a Letter of Award (LoA) from ADNOC for a Pre-Construction Services Agreement (PCSA) for the Hail & Ghasha Gas Development Project, as member of a joint venture. The contract was awarded to Samsung Engineering and their joint venture partners Technip Energies and Tecnimont S.p.A. (TST JV).

The overall contract value to the joint venture for the early engineering and procurement works on the onshore facilities is approximately USD 80 million. The PCSA scope of work also includes the preparation of an Open Book Estimate for the full project delivery scope, which will be considered as part of the Client’s Final Investment Decision making process.

The awards come as ADNOC accelerates gas expansion, as part of its low carbon growth strategy to continue responsibly meeting global energy needs. ADNOC is committed to unlocking the UAE’s abundant natural gas reserves to enable domestic gas self-sufficiency, industrial growth and diversification, as well as to meet growing global gas demand.

Samsung Engineering’s regional presence through its global operations network and successful implementation of innovative solutions in the past with ADNOC projects proved to be key in being entrusted to participate in this mega-project. The company’s proven track record in the UAE includes 10 projects such as the Borouge-3, Fertil-2 Ammonia & Urea Complex and more recently ADNOC Refining Crude Flexibility Project. Most notably, the company has already executed a gas megaproject for ADNOC, the Shah Sour Gas Development, which has similar production capacity as Hail and Ghasha Gas Development Project.

Hong Namkoong, President and CEO of Samsung Engineering said, "We are proud and honored to receive these early awards and be involved in one of ADNOC’s flagship megaprojects. Based on our expertise in the UAE market, extensive know-how in gas development projects, as well as our own unique project delivery solution under the “AHEAD” execution model, we, together with our joint venture partners, are confident in executing the project successfully and meeting the expectations of ADNOC and their international concession partners.”

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About Samsung Engineering Co., Ltd

At Samsung Engineering, we aim to create value based on the world’s best technological competence and contribute to our clients, society and people. Samsung Engineering as one of the world’s leading EPC&PM companies, has served clients in a variety of industries such as oil-refining, gas-processing, petrochemicals, infra-structure & environmental sector and bio-industry. Providing professional services across the whole project cycle ranging from professional feasibility-studies to design, procurement, construction, commissioning, maintenance & operation. Samsung Engineering has completed more than 1,000 projects worldwide.

To prepare for ESG-based eco-friendly businesses for the future, we expanded our value chain to the business of operating green infrastructure, such as water treatment facilities and incinerators, and green solution business for energy optimization and carbon neutrality. To preemptively respond to changes in the global energy industry and take the lead in resolving global warming, we will provide optimal solutions based on our technologies and expertise.

For more information, please visit www.samsungengineering.com

Contact:
Jin Hartmann
Head of International Corporate Communications
E-mail: jin.hartmann@samsung.com

Jaseung (Jason) Yoon
International Corporate Communications Manager
E-mail: ja.yoon@samsung.com