South Korean engineering company Samsung Engineering has secured an $800m order to build gas treatment facilities in Algeria.
The company has signed the Algeria Timimoun field development project with Groupement Timimoun (GTIM), which is a joint venture between Algeria’s state-owned oil company Sonatrach, French company Total and Spain-based Cepsa.
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The signing ceremony was held in Algiers, which was attended by the company’s president and CEO Park Choong-Heum and Sonatrach president and CEO Abdelhamid Zerguine.
According to Samsung, the Timimoun field development project is located 800km southwest of Algiers.
Under the terms of the contract, Samsung Engineering will be responsible for engineering, procurement, construction and pre-commissioning on a lump-sum turnkey basis to build a 180km pipeline and a central processing facility (CPF).
The facility will have a capacity of 177 million standard cubic feet per day (MMSCFD).
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By GlobalDataSamsung Engineering president and CEO Choong Heum Park said that the company’s experience in the oil and gas sector in the Middle East and North Africa (MENA) led to the opportunity to work with GTIM.
"With our commitment to safety for the project and environment, we will execute and complete this project successfully and expect to deepen our footprint in Africa," Park added.
The project is expected to reach completion in 2017.
Image: Samsung Engineering CEO and president Park Choong-Heum and Sonatrach CEO and president Abdelhamid Zerguine. Photo: courtesy of Samsung Engineering.
