Germany's MAN Ghhhas won the gas-oil separation plant (GOSP) contract for the Elephant field development in Block NC-174, and Athens-based Joannou & Paraskevaides (J&P - Overseas)has scooped the three other main packages on the project. The clients are the UK's Lasmo, wholly-owned by Eniof Italy, and National Oil Company (NOC - MEED 9:8:02).
The awards come after a prolonged bidding process, during which the scope of the GOSP was repeatedly revised and closing dates for all four packages delayed on a number of occasions. Original plans for a two-phase construction of the GOSP have been scrapped and instead MAN has already started work on building two 100,000-barrel-a-day (b/d) trains at the site. The GOSP is scheduled for completion at the end of March 2004 and the contract is valued at $100 million. The total value of the three J&P contracts - civil works, the power package and the 75-kilometre export pipeline - is around $100 million, a source close to the project says.
Recoverable reserves from the field, located in the Murzuk basin, are 600 million barrels out of a total oil-in-place of 1,500 million barrels. Associated gas produced from the field will be exported to Italy via the planned 'greenstream' trans-Mediterranean pipeline.
MAN and J&P are also awaiting news on a contract for three water-injection units to enhance oil recovery at the Amal field operated by Germany's Veba Oil & Gas, which was taken over in May by Calgary-based Petro-Canada. The client is undertaking technical evaluation of the bids, submitted by MAN, J&P and an Italian group consisting of Bonattiand Snamprogetti. An award is expected by the end of the year.
You might also like...
A MEED Subscription...
Subscribe or upgrade your current MEED.com 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.