GASCO awards EPC contract for Asab Gas Development Project

GASCO awards EPC contract for Asab Gas Development Project Abu Dhabi, July 15, 2005 (WAM)--Abu Dhabi Gas Industries Ltd. GASCO, has confirmed the award of the contract for Engineering, Procurement, Construction and Commissioning Works, EPC, for Asab Gas Development Phase-II, AGD-II Project to M/s Bechtel at a lump sum price of US Dollars 1,241 million (One Billion and Two Hundred and Forty one Million) around Four and a Half Billion UAE Dirhams.

A statement issued by GASCO and received by the Emirates News Agency, WAM, said that the Letter of Award was issued in Abu Dhabi on 12th July 2005. The project will be managed from Bechtel's office in Huston, Texas, USA, and is scheduled for completion within thirty eight (38) months including successful test runs.

GASCO underlined that the AGD-II project is a mega project and is one of the largest and the last of the five EPC Packages within the overall scheme of onshore gas developments launched by ADNOC.

The project is designed to treat 800 Million Standard Cubic Feet per Day MMSCFD to recover 6400 (Six Thousand Four Hundred) Tons Per Day of Natural Gas Liquids(NGL) from the existing Asab Gas Plant(AGP).

GASCO stated that it implements this project on behalf of ADNOC, Abu Dhabi National Oil Company, with support of M/s VECO, Canada, as the project Management Consultant.

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