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DEVELOPMENT OF OIL FACILITY

Maire Tecnimont ...... pursuing EPC business in major markets.

Maire Tecnimont wins $2.25bn Abu Dhabi EPC deal

MILAN, December 13, 2014

Italy's Maire Tecnimont has won a $2.25-billion engineering, procurement and construction (EPC) contract from Abu Dhabi Company for Onshore Oil Operations (Adco) for the development of key surface facilities in the UAE capital.

Maire Tecnimont is a leader in the international engineering and construction, technology and licensing and energy business development and ventures markets, with specific competences in plants, particularly in the hydrocarbons segment (oil and gas, petrochemicals and fertilisers), as well as in power generation and infrastructure.

As per the deal, the Italian group will execute the third phase of Al Dabbi'iya surface facilities, in Abu Dhabi.

Adco, one of Abu Dhabi National Oil Company (Adnoc) group of companies, operates the Al Dabb'iya field which is located 40 km south west of Abu Dhabi.

Al Dabbi'iya Phase III is part of the Adco North East Bab (NEB) development programme. The current project's scope of work includes the EPC activities up to performance tests for the expansion of the existing facility.

It will encompass the following main parts: Gathering crude oil system through a network of pipelines; central process plant and oil and gas export pipelines.

On the contract win, CEO Pierroberto Folgiero said: "It is an honour to further strengthen a long-lasting relationship with such a prestigious client like the Adnoc group, widening this fruitful relation by working for Adco, one of the leading players in the industry."

"We are eager to contribute to the development of UAE's industrial sector once again, as we have been doing for a very long time in the region. With this contract, we expand our oil and gas business in such a valuable market and consolidate an already strong track record, built on world-class project management skills."

"This project confirms our strategy of pursuing EPC business in selective, well-known geographies," he added.

Maire Tecnimont Group operates in 30 countries, encompassing around 45 operative companies and a workforce of about 4,200 employees, of whom over half work abroad-TradeArabia News Service




Tags: abu dhabi | EPC | Maire Tecnimont |

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