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Technip scoops $500 mn EPC deal from ZADCO

Technip take a 35% stake in the offshore development project

Technip scoops $500 mn EPC deal from ZADCO
Technip scoops $500 mn EPC deal from ZADCO

Technip, in consortium with the UAE’s NPCC has been awarded an engineering, procurement and construction lump sum contract, worth a total of approximately $500 million for the offshore Satah Full Field Development project.

This Satah field is located 200 kilometers northwest of Abu Dhabi, United Arab Emirates, is owned by ZADCO and is slated to produce 25,000 barrels of oil per day over 25 years.

The Satah Full Field Development project’s objective is to maximize crude oil production and oil recovery by reducing the well heads’ back pressure and introducing of gas injection and gas lift facilities.

The project scope involves offshore brownfield works to the existing well head platforms and production manifold platform, installation of infield pipelines, as well as modifications and installation of new facilities at the Onshore Satah plant at Zirku Island.

Commenting on the award, Arturo Grimaldi, Senior Vice President of Technip in the Middle East said Technip is being rewarded for its expertise in the growing regional brownfield projects market.

Technip’s operating center in Abu Dhabi will execute the engineering and procurement activities while construction and installation activities for offshore works will be performed by NPCC. The onshore construction activities will be carried out jointly by the consortium companies.

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