Trade Arabia reported that Samsung Engineering has won a contract from Gasco for a nitrogen gas injection plant worth USD 160 million.

Mr Park Ki Seok president & CEO of Samsung Engineering and Mr Mohammed Sahoo Al Suwaidi CEO of Gasco were present in Abu Dhabi for the official signing ceremony.

The NGI plant will be built in Mirfa, UAE and will be capable of injecting 600 million cubic feet of nitrogen gas into wells to increase gas production as part of an enhanced oil recovery program.

Samsung Engineering is executing the engineering, procurement, construction and commissioning for the project on a lump sum turnkey basis. The plant is expected to achieve completion by August 2014.

The award bears significance as Gasco is a new client for Samsung Engineering. Gasco is one of 16 subsidiaries of Adnoc, UAE’s national oil company.

(Sourced from Trade Arabia)