Samsung Engineering bagged US$800 Million deal to develop Algerian gas field

Posted on 17th February 2014

South Korean construction company Samsung Engineering announced that it had won a contract worth US$800 million to develop a gas field in Algeria. Under the contract, Samsung Engineering will build a central processing facility (CPF) and pipelines for the Timimoun gas field, about 800 kilometers southwest of Algiers, the capital of the North African country. The CPF will be capable of handling 177 million standard cubic feet of gas per day.

Samsung Engineering signed the contract on 16 February 2014 with Groupement Timimoun, a joint venture consisting of Algeria's state-run oil company Sonatrach, France's oil refinery Total and Spain’s oil company CEPSA S.A.U.Completion of the turn key project is due for April 2017, the company said.

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