Samsung Engineering JV awarded contract for gas project in Abu Dhabi

Samsung Engineering JV awarded contract for gas project in Abu Dhabi

South Korea’s Samsung Engineering announced on Tuesday that its joint venture (JV) with Technip Energies and Tecnimont has received a Letter of Award (LoA) from ADNOC for a Pre-Construction Services Agreement (PCSA) for the Hail & Ghasha Gas Development Project.

The overall contract value to the joint venture for the early engineering and procurement works on the onshore facilities is approximately $80 million, according to a press statement by the engineering, procurement, construction and project management (EPC&PM) company

The PCSA scope of work also includes the preparation of an Open Book Estimate for the full project delivery scope, which will be considered as part of the Client’s Final Investment Decision (FID) making process.

The award comes as ADNOC accelerates gas expansion, as part of its low carbon growth strategy, to enable domestic gas self-sufficiency as well as to meet growing global demand.

Samsung Engineering’s previous track record in the UAE includes 10 projects such as the Borouge-3, Fertil-2 Ammonia & Urea Complex and more recently ADNOC Refining Crude Flexibility Project. The company has already executed a gas megaproject for ADNOC, the Shah Sour Gas Development, which has similar production capacity as Hail and Ghasha Gas Development Project.

Hong Namkoong, President and CEO of Samsung Engineering