the race is on: for FEED and design work on NC-98 and North Gialo projects in Libya
Suitors woo Waha for Libya work
Waha Oil Company in Libya has received responses from contractors angling to carry out front-end engineering and design work on its major new NC-98 and North Gialo projects in the Sirte basin.
Waha, a joint venture of state-owned National Oil Company (NOC), ConocoPhillips, Marathon Oil, and Hess that was set up in 2006, said the successful bidder could also play a key role in the engineering, procurement and construction phase of the project.
Tripoli's preference is for the FEED work to be carried out in Libya as part of a wide-ranging move planned by NOC to boost local content.
NC-98 is a gas condensate reservoir while North Gialo holds oil.
NC-98 is expected to produce 480 million cubic feet per day of gas and 80,000 barrels per day of liquids with the gas to be re-injected back into the reservoir to enhance condensate recovery rates.
North Gialo is forecast to produce about 100,000 bpd of oil and 200 MMcfd of natural gas which again will be re-injected to support liquids output.
Facilities to be installed include systems for gathering, separation, liquids recovery, gas treatment, refrigeration, gas compression, and liquids export.
The FEED work will cover both projects which will eventually be developed under lump sum, turnkey contracts.
However, the successful FEED bidder will not be allowed to participate in the EPC contracts although it would support Waha during the execution phase.
The new fields will be tied into Waha's existing infrastructure which takes oil from the Gialo, Waha, Samah, Dahra and Faregh fields to Essider on the coast.