With the gasworld conference underway in Abu Dhabi, where investment and opportunities in the Middle East are the order of the day, Technip has been awarded an EPC contract in the Emirate.
Abu Dhabi Gas Industries Ltd (GASCO) has awarded Technip a lump sum turnkey EPC contract worth approximately $415m for the ASAB 3 Project.
The project is a revamp of existing facilities to support an increase in oil production from the new ADCO facilities and accommodate up to 150 million standard cubic feet per day (MMSCFD) of additional associated gas from the existing Asab, Shah and Sahil oil fields.
Technip is responsible for the installation of a new booster compression station, transfer lines, debottlenecking of existing ASAB 0 facilities and diverting feed flow from ASAB 0 to ASAB I/II by installing a new compressor, transfer lines and other associated facilities.
The project will be executed by Technip’s operating centre in Abu Dhabi, United Arab Emirates (UAE). The first phase will be completed during the third quarter 2012 and the remaining phase during the second quarter 2013.
It’s also an award which reaffirms Technip’s decision in March 2009 to create a new Middle East regional organisation, based in Abu Dhabi as part of its strategy to increase proximity to its markets and clients. That move was followed up this week by the decision to establish an engineering centre in the Kingdom of Saudi Arabia.
Technip and SaudConsult signed a Memorandum of Understanding (MOU) in Paris, to set up a 50/50 joint venture company aimed at developing a new engineering centre in Saudi Arabia.
The planned Engineering Centre of Excellence will be located in Al Khobar, Saudi Arabia with broad execution capability and a focus on front end engineering design (FEED), detailed engineering, procurement and construction management (EPCM) services serving Saudi Arabia’s oil, gas, petrochemical and other industries.
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