ID :
13567
Wed, 07/23/2008 - 16:23
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Dolphin Energy awards US$418 million construction contract for Taweelah Fujairah gas pipeline

Abu Dhabi, July 23, 2008 (WAM) - Dolphin Energy Limited announced yesterday the award of the construction contract for its new Taweelah to Fujairah Gas Pipeline (TFP) across the UAE to Stroytransgaz PJSC of Russia.

Site work will begin during third quarter 2008. The new gas pipeline will be 48 inches in diameter.

It is to be laid over an environmentally approved cross-country route, through more than 240 kilometres of desert and mountainside - one of the longest and largestoverland pipelines in the UAE.

The TFP will link Dolphin Energy's gas receiving facilities at Taweelah, on the coast of Abu Dhabi, with the ADWEA Power and Water Desalination Plant at Qidfa, in Fujairah. It is designed to carry significant quantities ofDolphin gas from Qatar via Taweelah directly to the UAE east coast.

The value of the TFP construction contract is US$418 million. Eight international construction companies initially bid for the work, and technical tenders were accepted from five, which proceeded to the commercial bid stage. They were: Al Jaber Energy Services, UAE; Consolidated Contractors International (CCC), Greece; Dodsal, India; Stroytransgaz PJSCof Russia and Saipem/Snamprogetti of Italy.

The award for the TFP line pipe was announced earlier, in December 2007. The order went to Salzgitter Mannesmann International GmbH, and is worth more than US$200 million: some 120,000 tons of X70 48-inch coated line pipe will be supplied in total. Already more than 40 percent of the pipe lengths havebeen received, with delivery completion set for spring 2009.

Dolphin Energy's General Manager UAE, Ibrahim Ahmed Al Ansari, said: "We congratulate Stroytransgaz PJSC on being awarded this contract, at the end of an exhaustive tender process", adding that "Dolphin expects swift mobilization and efficient progress with the contract. We are fully committed to supporting ADWEA's gas requirements." Dolphin Energy Limited was created to develop substantial energy projects throughout the GCC and to create long-term economic wealth and new business opportunities for GCCcitizens, far into the future.

Dolphin Energy's major strategic initiative, the Dolphin Project, involves the production and processing of natural gas from Qatar's North Field, and transportation of the dry gas by sub-sea export pipeline from Qatar to theUAE, which began in July 2007.


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