GASCO enters into a lump sum turnkey agreement with NPCC valued Dh 1.5 billion

ABU DHABI, 22nd April, 2015 (WAM) -- On behalf of the Abu Dhabi National Oil Company, ADNOC, Abu Dhabi Gas Industries, GASCO, have signed a lump sum turnkey, LSTK, agreement for the engineering, procurement, construction and commissioning of IGD-E - Offshore Pipeline (Package-2) with the National Petroleum Construction Company, NPCC. The agreement was signed by GASCO CEO, Abdul Aziz Abdulla Al Ameri, and Aqeel Madhi, CEO of NPCC, in the presence of Dr. Saif Sultan Al Nasseri, ADNOC Gas Processing Director and a number of senior official from both sides, on Monday, April 20th, at the GASCO HQ Offices in the Sheikh Khalifa Energy Complex. IGD-E Package No. 2 consists of the 117 km offshore segment of the new 42" IGD-E pipeline. The selected offshore route for the new IGD-E pipeline parallels the existing 30" OAG pipeline route, which runs from Das Island to the pipeline corridor shore crossing tie-in at Ras Al Qila. The EPC Contract was awarded to NPCC, UAE, in February 2015 with a completion schedule of 40 months. The initial phase of the project execution will commence from the contractor’s home office in Abu Dhabi, and will later move to the offshore sites for construction activities. During the already completed Front End Engineering Design, FEED, GASCO included the highest quality standards and placed particular emphasis on all aspects of health, safety and environment (HSE) to minimise environmental and community impact and ensure compliance with ADNOC’s HSE Code of Practices. Both GASCO and NPCC have committed to implement the entire project in line with the highest HSE standards and compliance. GASCO is executing the project on behalf of ADNOC. – Emirates News Agency, WAM – http://www.wam.ae/en/news/economics/1395279535555.html