Samsung Engineering JV wins Adnoc project work
01 February 2023
Samsung Engineering, a leading EPC and project management company, said its joint venture with Technip Energies and Italian group Tecnimont has secured an early engineering and procurement works contract from Abu Dhabi National Oil Company (Adnoc) for one of its onshore facilities.
The joint venture, TST, had received a letter of award (LoA) from Adnoc to deliver pre-construction services for its Hail & Ghasha Gas Development Project, it said.
The overall $80-million contract will also see the Samsung JV prepare an open book estimate for the full project delivery scope.
The awards come as Adnoc accelerates gas expansion, as part of its low carbon growth strategy to continue responsibly meeting global energy needs, it stated.
“We are proud and honoured to receive these early awards and be involved in one of Adnoc’s flagship megaprojects,” remarked its President and CEO Hong Namkoong.
The Korean group’s track record in the UAE includes 10 projects such as the Borouge-3, Fertil-2 Ammonia and Urea Complex and Adnoc Refining Crude Flexibility Project.
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- Samsung Engineering JV wins Adnoc project work
