Contractor wins work on world鈥檚 largest gas deposit
Interserve has won 拢70m of contracts on the development of the world鈥檚 largest single gas deposit in Qatar.
The contractor鈥檚 associate company, Gulf Contracting, will carry out the work at Ras Laffan, 40 miles from the gas reserves offshore.
Real-time Share Price
The first 拢60m contract is to construct infrastructure, offices and administration buildings at Barzan for energy firm JGC.
The Barzan facility is being completed in three phases, the first of which is due to come on stream in 2014.
It will process 1.4 billion cubic feet of gas a day which, together with the facility鈥檚 other petrochemical products, will be equivalent to a daily output of more than 300,000 barrels of oil.
The second 拢10m contract for Nakilat is on the continuing development of dry docks and associated marine support infrastructure.
Adrian Ringrose, chief executive of Interserve, said: 鈥淭hese projects demonstrate that, for companies which have the necessary experience and local knowledge, Qatar continues to be at the forefront of growth in the Middle East.鈥
鈥淏arzan will be one of the country鈥檚 main developments over the coming years, and our involvement at this stage positions us well for future work. And this latest contract with Nakilat represents the continuation of a successful relationship that stretches over several years, and brings the total value of work we shall have undertaken on its behalf to nearly 拢100 million.鈥
No comments yet