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Qatar Petroleum awards EPC contract to Samsung C&T for LNG storage and loading facilities on North Field Expansion project

Qatar’s state-owned petroleum company Qatar Petroleum  which operates all oil and gas activities, including exploration, production, refining, transport, and storage in the country – has awarded a major engineering, procurement, and construction (EPC) contract to Samsung C&T Corporation for the expansion of the LNG storage and loading facilities located within Ras Laffan Industrial City as part of the North Field East (NFE) Project.

The contract, valued at more than $2bn, including options, was awarded on a lump sum basis and is the second major onshore EPC contract award for the NFE project.

On 8 February 2021, QP awarded the EPC contract for the construction of four LNG mega-trains with associated facilities to the Chiyoda Technip Joint Venture.

The second EPC contract award for the expansion of the LNG storage and loading facilities represents another important milestone on the road to substantially increasing the State of Qatar’s LNG production capacity.

Both contracts represent the culmination of front-end engineering and design work that began in early 2018.

When completed, the NFE Project will increase the State of Qatar’s LNG production capacity from 77 million tonnes per annum (MTPA) to 110 MTPA.

The second phase of the planned LNG expansion, the North Field South (NFS) Project, will further increase Qatar’s LNG production capacity from 110 MTPA to 126 MTPA by 2027.

The EPC contract was signed by the Minister of State for Energy Affairs, and the President and CEO of Qatar Petroleum, HE Saad Sherida Al-Kaabi, and by the President and CEO of Samsung C&T, Oh Se-chul during a ceremony at the Qatar Petroleum headquarters in the presence of other senior officials from Qatar Petroleum and Qatargas.

Source:refiningandpetrochemicalsme.com

Mar 19, 2021

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