Abu Dhabi Gas Industries Ltd. (GASCO) has signed four landmark contracts for its Integrated Gas Development (IGD) Project that links offshore and onshore gas fields owned by ADNOC within the Emirate of Abu Dhabi.
This project, with a total value in excess of $9US billion, is the Government of Abu Dhabi's strategic initiative towards meeting the growing demand for energy within the Emirate. All facilities under the 4 contracts are expected to be completed by the 3rd quarter of 2013.
This project is being implemented by GASCO on behalf of ADNOC.
The following four contracts were awarded on 15th July 2009: Habshan 5 Process Plant Awarded to a Joint Venture of JGC of Japan and Tecnimont of Italy for a total Agreement Price of about US$ 4.7 Billion.
Habshan 5 Utilities '&' Offsites Awarded to Hyundai of South Korea for a total Agreement Price of about US$ 1.7 Billion.
Ruwais 4th NGL Train Awarded to a Joint Venture of Petrofac of UAE and GS Engineering of South Korea for a total Agreement Price of about US$ 2.186 Billion.
Ruwais Storage Tanks Awarded to CBI of USA for a total Agreement Price of US$ 534 Million.
Present at the signing ceremony which was held at the Sheikh Khalifa Energy Complex were their Excellencies the Ambassadors of the United States, Japan, Italy, and South Korea in the presence of HE Abdulla Nasser Al-Suwaidi, Deputy CEO of the Abu Dhabi National Oil Company (ADNOC).
The contracts were signed by Mohammed A. Sahoo Al-Suwaidi, CEO of GASCO, Keisuke Takeuchi, Chairman and CEO of JGC, Enzo Caetani, Managing Director of Tecnimont for the Habshan 5 Process Plant, Jong-Ho Kim, COO - Plant Division Hyundai E'&'C for Habshan 5 Utilities '&' Offsites, Sang-Ryong Woo, President '&' CGO GS E'&'C, Marwan Chedid, Director Petrofac International for Ruwais 4th NGL Train, and Philip K. Asherman, President '&' CEO of CB'&'I for Ruwais Storage Tanks. Senior leadership members from all companies were also in attendance.
The main capacity upgrades of the IGD project on Abu Dhabi's Oil and Gas Industry are illustrated below: 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.
High significance has been given for HSE aspects in order to eliminate any adverse impact on the environment and the surrounding community in line with ADNOC HSE guidelines and Code of Practices.
Wherever possible, local suppliers will be utilized by the selected Contractors for the provision of materials, equipment, and services.
A large number of work-force of labor, technicians and supervisors will be deployed during the construction phase at site including about 25,000 persons in Habshan and an additional 10,000 persons in Ruwais.
Opportunities will also be created for Young Nationals to learn new technologies through exposure and interaction with specialists of these Engineering Companies. This will enable them to enhance their competencies and expertise in the area of
Project Management and also to take on the responsibilities in Operation and Maintenance.
(WAM)
