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Sonatrach & GDF SUEZ Sign EPCC Contract with Tecnicas in Algeria

Source: www.gulfoilandgas.com 8/8/2013, Location: Africa

On August 7, 2013 in Algiers, “Groupement TouatGaz”, a partnership between SONATRACH and the GDF SUEZ Group operating the Touat gas field, signed an EPCC (engineering, procurement, construction and commissioning) contract with the Spanish company Técnicas Reunidas for the development of the Touat field located in southwest Algeria. Técnicas Reunidas was awarded the contract after a tender offer procedure opened July 17, 2013 in which four international companies participated.

This contract covers the field’s first phase development plan, consisting mainly in the construction of an industrial natural gas treatment complex and collection system. Production launch for the Touat field is planned for late 2016. The project will produce annually 4.5 billion standard cu.m of gas and 630,000 barrels of condensate.

Meanwhile, “Groupement TouatGaz” has begun to drill natural gas production wells to meet the needs of the treatment complex. 25 wells are scheduled in the first phase before the complex startup date.

At the contract signing ceremony, Abdelhamid ZERGUINE, CEO of SONATRACH, congratulated the joint SONATRACH – GDF SUEZ teams and stated his satisfaction in seeing the development strategy of the Southwest natural gas hub take shape: “I am very happy with the signing of this contract for a project that once again gives concrete expression to the choice of a partnership as strategic development option in the determination to promote SONATRACH’s growth.”

Jean-Marie DAUGER, Executive Vice-President of GDF SUEZ in charge of the Global Gas & LNG business line, congratulated the “Groupement TouatGaz” teams: “The close collaboration between the SONATRACH and GDF SUEZ teams made it possible to complete this major step forward for the Touat project and constitutes the best guarantee of success for this large-scale project”.

For more information about related Opportunities and Key Players visit Algeria Oil and Gas Projects

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