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885

Sonatrach-BP-Statoil sign contract with JGC

Sonatrach-BP-Statoil Association have signed a $213 million contract with the Japanese Group JGC for the optimisation of In Ain Amenas gas production.

Sonatrach-BP-Statoil sign contract with JGC

Sonatrach-BP-Statoil Association have signed a $213 million contract with the Japanese Group JGC for the optimisation of In Ain Amenas gas production.

The contract covers the construction of a compression centre Tiguentourine reservoir (In Amenas), which began production in December 2006, reported the Algerian Press Service (APS).

Work was expected to start Friday, May 6, according to sources close the project, while full project handover is scheduled for August 2013.

A portion (30%) of this contract is in dinars and must see the Algerian companies involved in the project.

The scope of work comprises the construction of two compression lines with a capacity of 29.7 million M3 per day, installed upstream of the gas processing plant, also operational since 2006.

This world-class project is part of the implementation plan development of gas fields in the region operated in association with BP and Norway's Statoil through a production sharing contract.

Sonatrach did not disclose the share of each partner.


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