11.12.2014 - MAIRE TECNIMONT GROUP AWARDED USD 2.254 BILLION EPC CONTRACT IN ABU DHABI BY ADCO

  • Contract signed with ABU DHABI COMPANY FOR ONSHORE OIL OPERATIONS (ADCO) for an EPC contract for the implementation of Process and Associated Units for the Al Dabb’iya Surface Facilities Phase III Project, in Abu Dhabi, UAE.

 

  • Overall Project value is about USD 2.254 billion.

 


      Milan, 11 December 2014 Maire Tecnimont S.p.A. announces that its main subsidiary Tecnimont S.p.A. has signed an EPC contract with Abu Dhabi Company for Onshore Oil Operations (ADCO) for the execution of the Phase III of Al Dabbi’iya Surface Facilities, in Abu Dhabi, UAE.

       

      Overall Project value is about USD 2.254 billion.

       

      ADCO is one of ADNOC Group of Companies,one of the world’s largestoil companies, and operates the Al Dabb’iya field which is located 40 km South West from the city of Abu Dhabi.

       

      Al Dabbi’iya Phase III is part of the ADCO North East Bab (NEB) development program. The current Project’s scope of work consists in the EPC activities up to Performance Tests for the expansion of the existing facility. It will encompass the following main parts:

       

      Gathering crude oil system through a network of pipelines;

       

      Central Process Plant (CPP);

       

      Oil and Gas Export pipelines;

       

      For its magnitude and technical standing, this can be considered Maire Tecnimont Group’s flagship project in terms of Oil & Gas business experience, following the successful completion of GASCO Habshan 5. Moreover, it will consolidate the long lasting presence in the country and will represent the top reference for the Group.

       

      Pierroberto Folgiero, Maire Tecnimont Chief Executive Officer, commented: “It is an honor to further strengthen a long lasting relationship with such a prestigious client like ADNOC Group, widening this fruitful relation by working for ADCO, one of the leading players in the industry. We are eager to contribute to the development of UAE’s industrial sector once again, as we have been doing for a very long time in the region. With this contract, we expand our Oil & Gas business in such a valuable market and consolidate an already strong track record, built on world class project management skills. This project confirms our strategy of pursuing EPC business in selective, well known geographies.”

       

       

      Maire Tecnimont S.p.A.

      Maire Tecnimont S.p.A. is a company listed with the Milan stock exchange. It heads an industrial group (the Maire Tecnimont Group) that leads the international Engineering & Construction (E&C), Technology & Licensing and Energy Business Development & Ventures markets, with specific competences in plants, particularly in the hydrocarbons segment (Oil & Gas, Petrochemicals and Fertilisers), as well as in Power Generation and Infrastructures. The Maire Tecnimont Group operates in approximately 30 different countries, numbering around 45 operative companies and a workforce of about 4,200 employees, of whom over half work abroad. For more information: www.mairetecnimont.com.

       

       

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