Samsung wins $160m Gasco project
Abu Dhabi, February 3, 2012
Samsung Engineering has won a contract from Gasco (Abu Dhabi Gas Industries) for a nitrogen gas injection (NGI) plant worth $160 million.
Samsung Engineering president & CEO Park Ki-Seok and Gasco CEO Mohammed Sahoo Al Suwaidi were present in Abu Dhabi for the official signing ceremony, a Samsung statement said.
The NGI plant will be built in Mirfa, UAE and will be capable of injecting 600 million cubic feet (SCFD) of nitrogen gas into wells to increase gas production as part of an enhanced oil recovery (EOR) programme.
Samsung Engineering is executing the engineering, procurement, construction and commissioning for the project on a lump-sum turnkey basis. The plant is expected to achieve completion by August 2014.
The award bears significance as Gasco is a new client for Samsung Engineering, it said. Gasco is one of 16 subsidiaries of Adnoc, UAE’s national oil company. - TradeArabia News Service
More Energy, Oil & Gas Stories
- Mitsui joins DME as trading member
- GE Power Conversion wins major SEC order
- Basra Light crude exports to rebound in April
- Aramco to produce unconventional gas for projects
- Alstom opens smart grid centre in Dubai
- Experts discuss key geosciences issues
- Egypt to permit factories to use coal for energy
- ME oil, gas transaction value up 15pc
- Victrex to showcase new product in Paris
- Aramco JV puts off giant refinery overhaul to 2015
- Libya threatens to bomb N Korean tanker
- Bahrain 'producing 850MW of surplus power'
- 2,000 experts for Bahrain geosciences summit
- Libyan rebels start oil exports, bypassing govt
- Dubai drilling company set for London IPO
- Opec output soars on higher Iraq exports
- S Korea to pay Iran $550m under nuke deal
- Qatar LPG exports will stay unchanged till 2018
- $14bn Bahrain energy sector focus for summit
- Iraq now world's fastest-growing oil exporter
- Old IT systems pose risk to oil firms
- Thomson Reuters adds commodity monitoring tool
- Oil below $90 to hit GCC economies
- GlassPoint appoints new Oman director
- Sheffield company opens Dubai hub
- Oman targets big rise in gas output
- Intertek buys UAE firm for $66m
- Qaiwan to tender Baizan refinery EPC contract
- Al Maha wins Oman Air fuel supply deal
- Iran to become top gas importer by 2025