• Letter of Award received from the Client ABU DHABI GAS LIQUEFACTION COMPANY LTD. (ADGAS) for the Package 1 of the IGD Expansion Project, Abu Dhabi, UAE, to be executed in consortium with Archirodon.
  • Overall Project value is about USD490 MN, out of which approximately USD225 MN relates to the Maire Tecnimont Group

Milan, 9 February 2015Maire Tecnimont S.p.A. announces that its main subsidiary Tecnimont S.p.A. in Consortium with Archirodon has received a Letter of Award (LOA) for an EPC contract with Abu Dhabi Gas Liquefaction Company Ltd. (ADGAS) for the execution of the Package 1 of the IGD Expansion Project (IGD-E) on Das Island, Abu Dhabi, UAE.

Overall project value is about USD490 million for the Consortium, out of which approximately USD225 million (46% of overall project value) relates to the Maire Tecnimont Group. Tecnimont is the Leader of this partnership, in front of the Client. Completion is scheduled to be within 40 months starting from the effective date, on 17 February 2015.

ADGAS is one of ADNOC Group of Companies, which is among the world’s largestOil & Gas players, and is operating on Das Island, located 100 km north from Ruwais. Package 1 is part of ADNOC’s Integrated Gas Development Expansion Project program that will transfer additional gas from Umm Shaif gas field to Habshan through Das Island, in order to increase the onshore sales gas supply. The project’s scope of work consists of the EPC activities up to Performance Tests for the expansion of the existing facility on the island. Tecnimont’s scope consists mainly of the expansion of the existing Gas Dehydration Plant with one additional unit and the related facilities, while Archirodon’s scope covers land reclamation, civil and marine works along the western coast of Das Island for the above expansion, including further additional land reclamation work for the IGD-E2 (future gas plant expansion project).

The Project is important for the peculiarity of the location and consolidates the successful continuity of the Group’s operations in the Country in Oil & Gas business after the successful completion of GASCO Habshan 5 Process Plant and the recent award of ADCO’s Al Dabb’iya Phase III Project. It is another crucial milestone of the history of the Group highlighting its reliability and competitiveness in front of another member of the ADNOC Group, while providing support for the Country energy plans. The award also strengthens the strategic relationship with a partner like Archirodon, whose expertise in off-shore and marine works fits perfectly with Maire Tecnimont Group’s competences.

Pierroberto Folgiero, Maire Tecnimont Chief Executive Officer, commented: “As witnessed by our recent  achievements, our long-lasting relationship with ADNOC Group of Companies keeps growing strong, with the prestigious addition of ADGAS to our clients’ portfolio. Furthermore, this result confirms the validity of our strategy to pursue business initiatives in selective geographies, leveraging on our distinctive competences as well as on the capability to team up with leading construction players with a strong track record in the GCC market, such as Archirodon.”

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 4,300 employees, of whom over half work abroad. For more information: www.mairetecnimont.com.

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