Petrofac, GCB bag $300mn EPC deal for Algerian gas project
A joint venture between Petrofac and Genie Civil et Batiment has been awarded an engineering procurement and construction contract worth $300mn from Algeria's Sonatrach for the Tinrhert EPC2 gas project in the north African country, Petrofac said on August 4.
The project, situated in Alrar, covers the construction of a new central processing facility with inlet separation and decarbonisation units, as well as tie-ins to existing separation and boosting facilities at the site that Petrofac helped build in 2018. The two companies will also be responsible for commissioning, start-up and performance testing.
Once completed, the project will ramp up gas production and remove CO2 from the field's gas reserves.
"The Petrofac and GCB consortium is testament to our focus on local delivery, through investment in local supply chains and work forces," the chief operating officer for Petrofac's engineering and construction division, Elie Lahoud, commented. "We are very pleased to have been notified of this provisional award by Sonatrach, which reflects their confidence in our ability to drive in-country value, whilst safely delivering strategically significant energy infrastructure.”
Petrofac, which has been working in Algeria for decades, said its share of the contract was worth $200mn.