GASCO signs IGD project contracts

GASCO signs four contracts for US $9 billion project

GASCO contracts have now been signed
GASCO contracts have now been signed

Abu Dhabi Gas Industries (GASCO) has signed four contracts for its US$ 9 billion integrated gas development (IGD) project which links offshore and onshore gas fields owned by ADNOC.

The four contracts signed included a joint venture of Japanese firm JGC and Tecnimont of Italy for the Habshan 5 Process Plant, worth US$4.7 billion. Hyundai was signed up to work on the Habshan 5 Utilities and Offshore for US $1.7 billion.

The Ruwais 4th NGL Train was awarded to a JV of Petrofac and GS Engineering for a price of US $2.186 billion, while USA based-firm CBI was awarded a US $535 million contract for the Ruwais storage tanks.

The IGD Project, in addition to providing fuel gas for power generation in the Emirate, will also provide a permanent link between offshore and on shore gas processing facilities between the ADNOC Group of Companies to provide operational flexibility for oil and gas production.

Local suppliers will be utilised wherever possible on the project, which will require a huge workforce. Around 25,000 personnel will be deployed during the construction phase in Habshan and another 10,000 personnel in Ruwais.

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