Samsung Engineering received a pre-construction services agreement

Samsung Engineering received a pre-construction services agreement

Seoul, Korea: Samsung Engineering, a world leading engineering, procurement, construction and project management (EPC&PM) company, announced today that it received a Letter of Award (LoA) from ADNOC for a Pre-Construction Services Agreement (PCSA) for the Hail & Ghasha Gas Development Project, as member of a joint venture. The contract was awarded to Samsung Engineering and their joint venture partners Technip Energies and Tecnimont S.p.A. (TST JV).

The overall contract value to the joint venture for the early engineering and procurement works on the onshore facilities is approximately USD 80 million. 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 making process.

The awards come as ADNOC accelerates gas expansion, as part of its low carbon growth strategy to continue responsibly meeting global energy needs. ADNOC is committed to unlocking the UAE’s abundant natural gas reserves to enable domestic gas self-sufficiency, industrial growth and diversification, as well as to meet growing global gas demand.

Samsung Engineering’s regional presence through its global operations network and successful implementation of innovative solutions in the past with ADNOC projects proved to be key in being