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Drake & Scull inks Eni Iraq project contract

DUBAI, July 18, 2016

Drake & Scull International, a regional market leader in the general contracting and mechanical, electrical and plumbing (MEP) sector, said it has won a Dh226 million ($62 million) engineering, procurement and construction (EPC) contract from Eni Iraq BV for the construction of a water injection network installation project at the Zubair oil field in Basra, Iraq.

Iraq by Eni Iraq BV (EIBV), a subsidiary of the Italian oil and gas multinational firm Eni, is the lead contractor of the Zubair Project consortium which currently comprises EIBV, Occidental of Iraq and Kogas Iraq BV which is undertaking the redevelopment of the Zubair Oil Field, said a statement from DSI.

Under the terms of the agreement, Drake and Scull Oil & Gas (DSOG) will oversee the EPC of a gas supply pipeline system to a power plant in addition to water injection systems consisting of flow lines, trunk lines, manifolds stations and wellheads hook-up work to enhance oil recovery.

With the sealing of this contract, the DSI’s total project wins have surged to Dh570 million ($155 million) despite very challenging circumstances, said the Dubai contactor.

Mobilisation activity on the project has commenced with a scheduled completion of early 2018, it stated.

On the contract win, Wael Allan, the chief operating officer, said: "DSOG continues to achieve substantial progress and has gained a noticeable foothold in the oil and gas infrastructure construction sector in the Mena region in short period."

"We are confident that our high margin businesses including Oil & Gas, Rail & Infrastructure and Engineering will significantly contribute to our sustainable growth, in line with our strategy of focusing on profitability and cash generation," he stated.

Fares Khatib, the managing director of Drake and Scull Oil & Gas, said: "The Zubair oilfield contract is a positive development for DSOG, particularly as it represents our second collaboration with EIBV."

"EIBV had previously awarded DSOG the EPC pipeline installation contract for the Zubair oil field in 2012 which was successfully completed in 2015 on the strength of our in-house engineering management, procurement and construction capabilities," stated Khatib.

"Our prior experience with EIBV in Zubair oil field will prove invaluable in ensuring the successful execution of project delivery on the new project award. We are committed to leveraging the skillset and experience of our teams in Iraq & Abu Dhabi to achieve scheduled project progress and meet our completion target," he added.-TradeArabia News Service

Tags: Construction | Iraq | Eni | Drake & Scull International | oil field |

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