(Source: Datamonitor)French energy sector engineering company Technip has secured a lump sum turnkey engineering, procurement, and construction contract, worth approximately $415 million, from Abu Dhabi Gas Industries for the ASAB 3 Project.
The company has said that the project is a revamp of existing facilities to support an increase in oil production from the new Abu Dhabi Company for Onshore Oil Operations's facilities, and accommodate up to 150 million standard cubic feet per day of additional associated gas from the existing Asab, Shah and Sahil oil fields.
Technip is responsible for the installation of a new booster compression station, transfer lines, debottlenecking of existing ASAB 0 facilities and diverting feed flow from ASAB 0 to ASAB I/II by installing a new compressor, transfer lines and other associated facilities.
Technip has said that the project will be executed by its operating center in Abu Dhabi, United Arab Emirates. The first phase will be completed during the third quarter of 2012 and the remaining phase during the second quarter of 2013.
A service of YellowBrix, Inc.
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