Wednesday, August 31, 2011
JGC Corp.
JGC and its subsidiary JGC Algeria Ltd. have been awarded the engineering, procurement and construction (EPC) services contract for the Bir Seba Field Development Project by Groupement Bir Seba, comprising Sonatrach, the Algerian state-owned oil and gas company, Petrovietnam Exploration Production Corporation (PVEP), and PTT Exploration and Production Algeria (PTTEP). Participating interests in Groupement Bir Seba are 25%, 40%, and 35%, respectively.
The Bir Seba Field Development Project, located in an inland and desert area 130 kilometers north east of Hassi Messaoud, calls for construction of a gathering system from 16 productive wells, crude oil processing facilities (20,000 bpd), and oil & gas export pipelines.
The lump-sum turnkey contract has a value of more than US $400 million and calls for Project completion in the first half of 2014.
With the award of the Bir Seba Field Development Project, JGC will be collaborating with JGC Algeria for the fourth time on an EPC project. Moreover, this Project will strengthen JGC Algeria's project execution capabilities.
JGC was awarded the contract for an oil refinery construction project in Arzew in 1969. Since then, the company has accumulated a long and impressive track record of hydrocarbon projects for Sonatrach and other foreign companies. JGC is currently executing three consecutive EPC projects in Algeria: gas and oil separation facilities in the Rhourde Nouss field (awarded in 2008); gas processing facilities in the Gassi Touil field (awarded in 2009); and gas compressors in the In Amenas field (awarded in 2011).
One of the goals set forth in JGC Group's "New Horizon 2015" five-year management plan is the strengthening and expansion of the Group's overseas subsidiaries. As a vastly experienced engineering and construction company in possession of the latest technologies, JGC, together with JGC Algeria, will continue to vigorously promote sales activities aimed at expanding its business opportunities in Algeria.
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