Petroleum Africa
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Tuesday, February 18, 2014
Samsung Engineering signed a contract with the Groupement Timimoun (GTIM), a JV between Sonatrach, Total, and Cepsa for Algeria’s Timimoun Field Development Project. The contract is worth $800 million.
The Timimoun Field Development project is located 800 km southwest of Algiers. Samsung Engineering is responsible for EPC and pre-commissioning on a lump-sum-turn-key basis to build a 180-km pipeline and a central processing facility with a capacity of 177 Mmcf/d. The project is expected to be completed in 2017.
Choong Heum Park, president and CEO of Samsung Engineering, commented: “Our accumulated experience in the oil and gas sector in MENA led to this opportunity to work with Groupement Timimoun. With our commitment to safety for the project and environment, we will execute and complete this project successfully and expect to deepen our footprint in Africa.”
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