Trans-Saharan Pipeline could award FEED in 2009
African sources say contract could be made this year for $10bn project
Other stories: Top 10 billion dollar oil deals of the summer | 2009's winners and losers in the oil industry | 10 events in oil's history that shook the world | Top 10 Gulf mega projects | Top 10 largest publicly traded oil companies | Top 10 National Oil Companies by production | World's 10 largest oilfield services companies | World's 10 largest oil and gas contractors
The joint venture partners behind the US$10 billion Trans-Saharan Gas Pipeline project could award the front-end engineering and design (FEED) contract by the end of 2009.
Reports from local news outlets in Algeria reported that sources close to the project said that the 4,128 kilometre pipeline could award the FEED contract this year with EPC contracts for the construction work to follow soon after.
The completion date for the project is expected to be 2015.
When complete, the Trans-Saharan Pipeline will transfer around 30 billion cubic metres of gas per annum from Nigeria and Niger to Algeria where it will then be processed and transported to mainland Europe.
The state-owned Nigerian National Petroleum Corporation and Sonatrach from Algeria each own a 45% stake in the project with Niger holding a 10% stake.