Qatar awards US$115m in contracts
08 August 2011
The Qatari government has presented UK-based support services company Interserve with the multi-million dollar contracts, as part of the sultanate’s push to further exploit the North Field, the world’s largest single deposit of natural gas.
With both projects based in Ras Laffan, Interserve’s majority-owned Gulf Contracting (GCC) division secured US$99 million of the lucrative deal, which includes the building of office buildings for gas-processing company JGC.
JGC is building the gas-processing facilities for the major Barzan onshore project, which is managed by RasGas. The Barzan facility is being completed in three phases, the first phase of which is due to come on stream in 2014 and process 1.4 billion cubic feet of gas a day. Together with the facility’s other petrochemical products, this is an equivalent daily output of more than 300,000 barrels of oil.
GCC also won a US$16 million long-term contract from Nakilat, the Qatari LNG shipping firm. This will include sub-structure work and the construction of a substation along with production-support and storage facilities.
Commenting on the win, Adrian Ringrose, chief executive of Interserve, said: “Barzan will be one of the country’s main developments over the coming years, and our involvement at this stage positions us well for future work.”
He also added that the latest contract with Nakilat brings the total value of work GCC has undertaken on its behalf to nearly £100 million.
Qatar has the world’s third largest reserves of natural gas and is expected to spend around $US225 billion on infrastructure by 2016, ahead of its hosting of the 2022 World Cup.