GASCO awards $9 billion gas development contracts

Abu Dhabi, July 19, SPA -- Abu Dhabi Gas Industries (GASCO) has
awarded four engineering, procurement, and construction (EPC)
contract packages at its Integrated Gas Development (IGD), also known
as Habshan 5.

The four contract packages are valued at a total $9 billion, with
the largest-the $4.7 billion construction contract for the venture’s
gas processing plant-being bagged by a consortium of Japan’s JGC
Corp. and Italy’s Maire Tecnimont, according to a report published
today by Saudi Gazette.

The $2.1 billion contract for the fourth natural gas liquids
processing train at the Ruwais plant was won by a consortium of the
United Kingdom’s Petrofac, to be carried out by Petrofac Emirates-its
joint venture with the United Arab Emirates’ Mubadala Petroleum
Services-and South Korea’s GS Construction and Engineering, while a
$1.7 billion contract to construct the utilities and offsite
facilities at the Habshan 5 complex was secured by South Korea’s
Hyundai Engineering & Construction.

The last contract was awarded to US company CB&I for the
construction of propane, butane, and pentane storage facilities, and
is valued at $533 million.

The lump-sum turnkey contracts are all expected to be completed by
the third quarter of 2013, with work expected to start as soon as
August this year.

GASCO is 68 percent owned by the state-owned Abu Dhabi National Oil
Co., with Shell and Total holding a 15 percent share each and Partex
holding the remaining 2 percent. The IGD project at Habshan will add
a fourth natural gas liquids (NGL) processing train to the Ruwais
facility and lift its total processing capacity to 2 bcf/d. The new
Habshan 5 complex will itself have an output of 900 mmcf/d of sales
gas, 12,000 t/d of NGL, and 5,000 t/d of liquid sulfur.

--SPA