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