ENI Iraq, a subsidiary of Italian oil and gas major ENI, has awarded Drake & Scull International a $61.5mn engineering, procurement and construction (EPC) contract for a water injection network installation project at the Zubair oil field in Basra, Iraq.
EIBV is the lead contractor of the Zubair project consortium tasked with the redevelopment of the Zubair oilfield. The consortium also includes Occidental of Iraq and KOGAS Iraq.
Under the terms of the agreement, Drake and Scull Oil & Gas (DSOG) will oversee the Engineering, Procurement and Construction (EPC) of a gas supply pipeline system to a power plant in addition to water injection systems consisting of flow lines, trunk lines, manifolds stations and wellheads hook-up work to enhance oil recovery.
Mobilisation activity on the project has commenced with a scheduled completion of early 2018.
Commenting on the project award, Wael Allan, chief operating officer of Drake & Scull, said: “Drake & Scull Oil and Gas continues to achieve substantial progress and has gained a noticeable foothold in the oil and gas infrastructure construction sector in the MENA region in short period.
“The contract award has also raised DSI’s total project wins to AED 570 million in very challenging circumstances. We are confident that our high margin businesses including Oil & Gas, Rail & Infrastructure and Engineering will significantly contribute to our sustainable growth, in line with our strategy of focusing on profitability and cash generation.”
