Gasco signs major deals
Integrated gas development project will use local suppliers where possible
Abu Dhabi: The Abu Dhabi Gas Industries Ltd (Gasco) has signed four landmark contracts for its Integrated Gas Development (IGD) project that links offshore and onshore gas fields owned by the Abu Dhabi National Oil Company (Adnoc) within Abu Dhabi.
This project, with a total value of more than $9 billion (Dh33.03 billion), is the Government of Abu Dhabi's strategic initiative towards meeting the growing demand for energy within the emirate. All facilities under the four contracts are expected to be completed by the third quarter of 2013.
This project is being implemented by Gasco on behalf of Adnoc.
The four contracts were awarded last July 15. Habshan 5 Process Plant was awarded to a joint venture of JGC of Japan and Tecnimont of Italy for a total agreement price of about $4.7 billion. Habshan 5 Utilities & Offsites was awarded to Hyundai of South Korea for a total agreement price of about $1.7 billion. Ruwais fourth NGL train was awarded to a joint venture of Petrofac of the UAE and GS Engineering of South Korea for a total agreement price of about $2.186 billion. Ruwais Storage Tanks was awarded to CBI of the United States for a total agreement price of $534 million.
Present at the signing ceremony, held at the Shaikh Khalifa Energy Complex, were the ambassadors of the United States, Japan, Italy and South Korea in the presence of Abdullah Nasser Al Suwaidi, Deputy CEO of Adnoc.
Senior leadership members from all companies also attended.
The IGD project, in addition to providing fuel gas for power generation in the emirate, will also provide a permanent link between offshore and onshore gas-processing facilities between the Adnoc Group of Companies to provide operational flexibility for oil and gas production.
High significance has been given to HSE aspects in order to eliminate any adverse impact on the environment and the surrounding community in line with Adnoc HSE guidelines and code of practices.
Wherever possible, local suppliers will be used by the selected contractors for the provision of material, equipment and services.
A large number of labourers, technicians and supervisors will be deployed during the construction phase including about 25,000 people in Habshan and an additional 10,000 in Ruwais.
