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A company that leads the regional market in the integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Rail & Infrastructure, Oil & Gas, and Water & Wastewater Treatment, Drake & Scull International PJSC, (DSI PJSC), has announced that it has been won a AED 226 million engineering, procurement and construction (EPC) contract to build a water injection network installation project at the Zubair oil field in Basra, Iraq from ENI Iraq B.V. (EIBV) an arm of the Italian oil and gas giant ENI S.p.A.
EIBV is the Lead Contractor of the Zubair Project group which is made up of EIBV, Occidental of Iraq LLC and KOGAS Iraq B.V. which is implementing the redevelopment of the Zubair Oil Field.
The deal will see Drake and Scull Oil & Gas (DSOG) overseeing the Engineering, Procurement and Construction (EPC) of a gas supply pipeline system to a power plant in addition to water injection systems comprised of flow lines, trunk lines, manifolds stations and wellheads hook-up work to boost oil recovery. Mobilization activity on the project has started with a slated completion of early 2018.
Chief Operating Officer (COO) of Drake & Scull International PJSC, Wael Allan, said: ''Drake & Scull Oil and Gas 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. The contract award has also raised DSI";s total project wins to AED 570 million in very challenging circumstances. 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."
Managing Director of Drake and Scull Oil & Gas, Wael Allan, added, ''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. 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."
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