According to the company’s website news release on January 17, 2023, Samsung Engineering announced 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 entrusted to participate in this mega-project. The company’s proven 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. Most notably, 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 said, "We are proud and honored to receive these early awards and be involved in one of ADNOC’s flagship megaprojects. Based on our expertise in the UAE market, extensive know-how in gas development projects, as well as our own unique project delivery solution under the “AHEAD” execution model, we, together with our joint venture partners, are confident in executing the project successfully and meeting the expectations of ADNOC and their international concession partners.”
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