Bids opened for Azadegan

15 July 2005
A team of Italy's Saipemand the local Sazeh Consultis in line to win a contract worth more than $300 million for the first phase of work at the Azadegan oil field. The team was the low bidder for the contract ahead of a Japanese partnership of JGC Corporationwith Chiyoda Corporationand Canada's SNC Lavalin. The client, Japan's Inpex, is understood to still be seeking involvement in the project from a major international oil company (MEED 15:4:05).

The first-phase contract involves only surface facilities and will take in pipeline work, pumping stations, storage and compressor stations. Only foreign contractors were invited for the engineering, procurement and construction (EPC) contract, but it is expected much of the work will be subcontracted to local companies.

Inpex's local partner on the project is Naftiran Investment Company (Nico), the Jersey-based financing arm of National Iranian Oil Company (NIOC).

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications