Saipem wins Shah gas deal

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By Staff & news wires

 03 May 2010 01:31 GMT

The Abu Dhabi National Oil Company (Adnoc) said today it has awarded contracts worth $5.6 billion for development of the Shah sour gas field, days after US supermajor ConocoPhillips bailed out of the project.

Saipem was awarded three contracts, worth a total of $3.5 billion, for a gas process plant, sulphur recovery and product pipelines.

The first two contracts encompass the engineering, procurement, and construction of the gas process plant and of the sulphur recovery unit.

The third contract covers the engineering, procurement and construction of nearly 250 kilometre long pipelines in total for transporting gas, condensate and natural gas liquids from the Shah Gas plant to processing facilities in the Habshan area.

Meanwhile, South Korea's Samsung Engineering won a $1.5 billion contract for the utilities and offsite…

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