Four dive into Dolphin race
Dolphin Energy today unveiled a shortlist of four bidders to build onshore facilities for its $3.5 billion inter-Gulf gas project.
The gas network will initially pump 2 billion cubic feet per day of gas from Qatar's North Field to buyers in the United Arab Emirates. The project's start-up is pencilled in for 2006.
In a statement, Dophin Energy said the companies who have prequalified for the onshore Engineering, Procurement and Construction contract are Japan's JGC; France's Technip and US outfit Bechtel; Italy's Snamprogetti and Japan's Chiyoda; and Italy's Saipem and South Korea's Hyundai.
The contract, which will be awarded this summer, will cover construction of Dolphin's facilities at Ras Laffan in Qatar, including a gas processing plant and compression plant.
The four bidders will be invited to submit their technical commercial proposals in March and April.
The United Arab Emirates' Offsets Group -- the Abu Dhabi state investment arm -- holds a 51% stake in Dolphin Energy, while France's TotalFinaElf and Occidental Petroleum of the US each hold a 24.5% stake.