Samsung bags Gazprom’s gas separation plant contract in Iraq

Samsung bags Gazprom’s gas separation plant contract in Iraq

5:10 AM, 11th February 2013
Samsung bags Gazprom’s gas separation plant contract in Iraq
Alexander Kolomatsky, Gazprom Neft (left) and Steve Fludder, Samsung Engineering (right).

WASIT, IRAQ: Samsung Engineering has received a contract from Gazprom Neft, a subsidiary of Gazprom, one of Russia’s largest oil and gas companies. The $879 million contract covers engineering, procurement and construction (EPC) for the Gas Separation Plant (GSP) on a lump sum turnkey basis in Badra oil field, Iraq. Samsung Engineering will be responsible for building the central processing facility, including the GSP (200MMSCFD) and the Utilities and Offsites (U&O) facility within 35 months.

Russia’s Gazprom-led consortium will include South Korea’s KOGAS, Malaysia’s Petronas, and Turkey’s TPAO. This facility will produce 170,000 barrels of oil per day by 2017 as part of the oil development plan by the Iraqi Ministry of Oil. This contract is significant to Samsung Engineering, considering Iraq has one of the largest oil reserves.

“We are thrilled to be a partner of Gazprom for the first time and to be a part of ambitious oil project of Iraqi government. With our expertise in GSP projects, we will make sure to maximize client satisfaction and contribute to the development of Iraqi society,” said Steve Fludder, Senior Executive Vice President, Marketing, Samsung Engineering.

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