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KBR secures PMC services contract for Ghasha concession project

KBR secures PMC services contract for Ghasha concession project

 

US-based engineering company, KBR has secured a major project management consultancy (PMC) services contract from Abu Dhabi National Oil Company (ADNOC) for the Ghasha concession portfolio of projects in the UAE.

As per the terms of the contract, KBR will serve as the main PMC contractor and will be responsible to manage the engineering, procurement and construction (EPC) contracts for the projects.

The contract will cover packages A and B of the Dalma gas development project along with packages one to five of the Hail and Ghasha development project.

The contract also includes services to Hail & Ghasha Islands Project as well as the Deep Gas Project.

KBR president and CEO Stuart Bradie said: “We deeply appreciate the tremendous amount of trust that ADNOC has placed in KBR to project-manage such a significant share of this strategic Ghasha Concession program.

“This award highlights ADNOC’s confidence in KBR’s reputation as the industry leader in the provision of value-added PMC services for similar mega gas-field development projects.”

Ghasha concession project to produce over 120,000 barrels of oil and condensates per day

According to KBR, the Ghasha concession project has the potential to meet approximately 20% of the country’s gas demand by the second half of the decade.

Once operation, the project is estimated to produce over 120,000 barrels of oil and high-value condensates per day.

The engineering company will perform the work for over four years, with an option to extend the contract for two more.

Stuart Bradie added: “We look forward to continuing our long-term relationship with ADNOC and to demonstrating once again our world class ability to manage large-scale, complex projects such as this on time, within budget, but most of all with a strict safety culture.

“We are confident that the Ghasha Concession Project will significantly boost In-Country Value. As always, KBR remains fully committed to act as one of ADNOC’s strategic partners to achieve the targeted In-Country Value objectives.”

In September last year, KBR along with UK-based commodity information provider Argus Media secured a contract from the Singaporean government to carry out a hydrogen feasibility study.

Source: NS Energy

Published: 05-02-2020
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