South Pars 15-16 bid deadline extended

19 December 2003
The deadline to bid for the engineering, procurement and construction (EPC) contract to develop South Pars phases 15 and 16 has been extended by two months to 8 February. Companies looking at the project say it is unlikely that the deadline will be extended again (MEED 10:10:03).

Bidding groups are beginning to form for the EPC contract. Paris-based Techniphas teamed up with the local Oil Industries Engineering Company (OIEC), while the local Bonyad Mostazafonis with Russia's Gazpromand South Korea's Hyundai Heavy Industriesis with the UK office of Foster Wheeler. Several other companies, including Norway's Statoil, South Korea's Daewoo Engineering & Construction, Japan's JGC Corporationand the local Petropars, are also understood to be looking at the project.

Pars Oil & Gas Company (POGC) has stipulated that each consortium must comprise at least three companies.

Phases 15 and 16 will in scope closely resemble phases 4 and 5, now under development by a team led by Italy's Agip. It will produce 50 million cubic metres a day of treated gas for domestic use, 1 million tonnes a year (t/y) of liquefied petroleum gas (LPG) for export, 80,000 barrels a day of condensates, also for export, and 1 million t/y of ethane for use in local petrochemical projects. The project will be 85 per cent financed by buyers' credit.

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.

Get Notifications