Page 13 - DMEA Week 01 2021

DMEA TERMINALS & SHIPPING DMEA

QatarEnergy takes over at

Qatargas, hands out EPCI work

MIDDLE EAST QATARENERGY this week awarded an engi- Minister of State for Energy Affairs and
neering, procurement, construction and instal- QatarEnergy President and CEO HE Saad
lation (EPCI) contract to US-based contractor Sherida Al-Kaabi said: “The award of this major
McDermott International for the offshore scope EPCI contract is a momentous milestone that
of its North Field Expansion project. demonstrates QatarEnergy’s commitment to
The nearly $30bn project will expand Qatar’s delivering our LNG expansion projects on time
liquefaction capacity from 79mn tonnes per and to ensuring the significant additional global
year currently to 110mn tpy by 2025 or 2026 LNG demand is catered for in a timely manner.”
under North Field East (NFE), with the addition Qatargas continues to oversee and implement
of North Field South (NFS) raising capacity to the project on behalf of QatarEnergy.
126mn tpy by 2027. It is the world’s single largest The award follows that of a 41-month onshore
LNG project. package to Spain’s Tecnicas Reunidas in August
The award follows billions of dollars of con- for work to expand liquid products storage and
tract awards in 2021 and comes just two days loading at Ras Laffan Terminal. This includes
after the Qatari firm assumed full control over the construction of liquid products rundown
the Qatargas Liquefied Natural Gas Company lines, lean gas pipeline for gas delivery into QP’s
Ltd (Qatargas 1) after Doha declined to renew domestic gas grid, the expansion of the Ras Laf-
the joint venture (JV) concession when it expired fan Terminal Operations (RLTO) product stor-
on December 31. age and loading facilities, monoethylene glycol
(MEG) storage and transfer facilities expansion,
Expansion award and CO2 sequestration pipeline and associated
On January 3, QatarEnergy announced that facilities at CO2 injection wellheads.
McDermott’s contract would cover EPCI work Last year’s NFE awards also included a $1.7bn
for the offshore scope of the North Field Expan- EPCI contract with Italy’s Saipem covering var-
sion. This includes 13 “normally unmanned” ious offshore facilities, a $2bn lump-sum EPC
wellhead platform topsides, eight of which are contract with Samsung C&T for the expansion
for NFE and five for NFS, as well as connecting of LNG storage and loading facilities at Ras Laf-
pipelines and the shore approaches for the NFE fan and a $13bn EPC deal with a JV between
pipelines, beach valve stations and buildings. Chiyoda and Technip Energies covering the
It added that the jackets and the pipelines construction of four LNG mega-trains and asso-
for the NFS project will be subject to a separate ciated facilities.
tender that is expected to be awarded during the
first half of the year. The total value of the work New era
awarded to McDermott is thought to be valued Despite its diversification efforts, the nation’s
at $3-4bn. wealth is highly dependent on the success of this

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