Abu Dhabi: The Abu Dhabi Gas Liquefaction Company (Adgas) on Mondaysigned an agreement for a $1 billion (Dh3.67 billion) project with South Korea's Hyundai Heavy Industries Co for the engineering, procurement and construction of an integrated gas development plant on Abu Dhabi's Das Island.
The project will involve processing of one billion standard cubic feet per day of high pressure gas and transporting it from the Abu Dhabi Marine Operating Company's (Adma-Opco) offshore Umm Shaif field via a new 46 inch diameter pipeline to Adgas's integrated gas development facility on Das Island.
Here, the gas will be conditioned and sent through a 30 inch diameter offshore associated gas pipeline to Habshan. Adgas and Adma-Opco are units of the state-owned Abu Dhabi National Oil Company (Adnoc).
"Work on the project started after the award in July. The project is scheduled to be completed in 49 months.
"We are aiming for its completion in August 2013," Adgas General Manager Fahim Kazim told reporters, shortly after the signing of the agreement.
"Due to the limited area on Das Island, we had to reclaim an additional 108,000 square metres of land for the project facilities and to build a 100 metre-long jetty for offloading of heavy 1,500-tonne modules," said Kazim.
Separately, Kazim said the $700 million associated gas project on Das Island will start commercial production by the second quarter of 2010.