Adgas signs $491m EPC contract for Integrated Gas Development Expansion
The project’s total duration is 40 months
Abu Dhabi: On behalf of Abu Dhabi National Oil Company, Adnoc, Abu Dhabi Gas Liquefaction Company, Adgas, on Thursday signed the Engineering, Procurement & Construction, EPC, contract for the First Phase of the Integrated Gas Development Expansion phase-I, IGD-E1, Project, with a consortium of Tecnimont-Archirodon, at an approximate value of $491 million.
The project’s total duration is 40 months and is forecast to be completed by June 2018.
The lump-sum turnkey agreement was signed on Thursday at Adgas headquarters by Fahim Kazim, Adgas CEO, Pierroberto Folgiero, Tecnimont CEO, and Dennis Karapiperis, Archirodon Chief Operating Officer, in the presence of Dr. Saif Al Nasseri, Director of Gas Processing, ADNOC, and a number of senior officials from both parties.
