Samsung wins $160 million GASCO EPC contract
Nitrogen gas injection plant to aid ADNOC's EOR program
On 2 February Samsung Engineering signed a contract with Abu Dhabi Gas Industries (GASCO) for a Nitrogen Gas Injection (NGI) plant worth $160 million USD.
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) program at ADCO’s Habshan oil field.
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.
GASCO is a new client for Samsung Engineering, with previous nitrogen projects being awarded by GASCO to Descon Engineering, a Pakistani company, under the Elixier joint venture owned by ADNOC and Linde.
GASCO is one of 16 subsidiaries of ADNOC, UAE’s national oil company. Samsung Engineering has worked on several projects with ADNOC since the partnership began in 2007 with the Borouge refinery plant.
Samsung Engineering President & CEO Park Ki-Seok and GASCO CEO Mohammed Sahoo Al Suwaidi were present in Abu Dhabi for the official signing ceremony.
In response to the new order, President & CEO Park Ki-Seok said, “We are committed to the satisfaction of GASCO and we look forward to strengthening our reputation by completing our seventh project with an ADNOC company on time and safely.”