Samsung Engineering announced that it had received a contract from GASCO (Abu Dhabi Gas Industries, Ltd) for a Nitrogen Gas Injection (NGI) plant worth $160 million USD. Samsung Engineering President & CEO Park Ki-Seok and
GASCO CEO Mohammed Sahoo Al Suwaidi were present in Abu Dhabi for the official signing ceremony.
The NGI plant will be built in Mirfa, UAE and will be capable of injecting 600 million cubic feet (SCFD) of nitrogen gas into wells to increase gas production as part of an enhanced oil recovery (EOR) program. Samsung Engineering is executing the engineering, procurement, construction and commissioning for the project on a lump-sum turnkey basis. The plant is expected to achieve completion by August 2014.
The award bears significance as GASCO is a new client for Samsung Engineering. GASCO is one of 16 subsidiaries of ADNOC, UAE’s national oil company. Samsung Engineering has worked on several projects with ADNOC since the partnership began in 2007 with the Borouge refinery plant.
In response to the new order, President & CEO Park Ki-Seok said, “We are committed to the satisfaction of GASCO and we look forward to strengthening our reputation by completing our seventh project with an ADNOC company on time and safely.”
