Eni Iraq B.V. awards Drake & Scull AED 226 million water injection installation contract for Iraqs Zubair oil field
Drake & Scull International PJSC, (DSI PJSC), a regional market leader in the integrated design, engineering and building disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Rail & Infrastructure, Oil & Gas, and Water & Wastewater Treatment, has actually announced that it has actually been granted a AED 226 million engineering, procurement and building (EPC) contract for the building and construction of a water injection network setup project at the Zubair oil field in Basra, Iraq by ENI Iraq B.V. (EIBV) a subsidiary of the Italian oil and gas international company ENI S.p.A.
EIBV is the Lead Contractor of the Zubair Project consortium which presently comprises EIBV, Occidental of Iraq LLC and KOGAS Iraq B.V. which is carrying out the redevelopment of the Zubair Oil Field.
Under the terms of the contract, Drake and Scull Oil & Gas (DSOG) will supervise the Engineering, Procurement and Construction (EPC) of a gas supply pipeline system to a power plant in addition to water injection systems consisting of circulation lines, trunk lines, manifolds stations and wellheads hook-up work to boost oil recovery. Mobilization activity on the project has actually started with an arranged completion of early 2018.
Talking about the project award, Wael Allan, Chief Operating Officer (COO) of Drake & Scull International PJSC, said: "Drake & Scull Oil and Gas remains to attain significant development and has acquired a visible grip in the oil and gas infrastructure construction sector in the MENA area in short duration. The agreement award has likewise raised DSI's overall project wins to AED 570 million in very challenging circumstances. We are confident that our high margin companies including Oil & Gas, Rail & Infrastructure and Engineering will substantially add to our sustainable development, in line with our strategy of focusing on profitability and cash generation."
Fares Khatib, Managing Director of Drake and Scull Oil & Gas added, "The Zubair oilfield contract is a positive development for DSOG, particularly as it represents our 2nd partnership with EIBV. EIBV had actually previously granted DSOG the EPC pipeline setup contract for the Zubair oil field in 2012 which was successfully finished in 2015 on the strength of our in-house engineering management, procurement and building capabilities. Our previous experience with EIBV in Zubair oil field will show important in making sure the successful execution of project delivery on the new project award. We are committed to leveraging the skillset and experience of our teams in Iraq & Abu Dhabi to achieve scheduled project progress and meet our completion target.
DSOG has developed its credentials in undertaking large scale, complex Oil, Gas, Chemical & Petrochemical-related projects throughout the wider MEA area. The business has effectively provided popular projects such as the EPC pipeline installation Project for the Zubair oil field in Iraq and the complete construction of Low Density Ammonium Nitrate Plant in Egypt. DSOG continues to reinforce its multidisciplinary EPC fundamentals and is actively engaged in pursuing opportunities with other leading regional clients to gain market share in the strategic MEA region.
