UOG negotiating for the Dolphin Gas Project

Sep 06, 2001 02:00 AM

The UAE Offsets Group (UOG) will begin negotiations by the year end with five short listed global oil majors -- BP, Conoco, ExxonMobil, Occidental Petroleum and Shell -- on sale of part stake and selection of a strategic partner in Dolphin Gas Project. Also, 22 local, regional and international companies are in the bidding for three separate contracts for the Dolphin Gas Project, UOG said.
Dolphin is in negotiations with international banks for acting as financial adviser. Meanwhile, the detailed development and production sharing agreement (DPSA) with Qatar Petroleum is scheduled to be signed early next month. The DPSA will be signed between UOG, TotalFinaElf and Qatar Petroleum. Dolphin is aiming to deliver first gas to its customers in Abu Dhabi and Dubai in 2005.

UOG is the promoter and the majority shareholder in the Dolphin Gas project with a 75.5 % equity while France's TotalFinaElf holds the balance 24.5 % stake. Enron had pulled out of the project earlier this year and UOG acquired its equity of 24.5 %. On the three contracts, while seven companies have been invited to bid for the upstream front end engineering and design (FEED) work, four companies have been invited to bid for the midstream FEED.
Some 11 companies are in the bidding for the Environmental Impact Assessment (EIA) survey for the offshore gas pipeline facilities, including the 48-inch pipeline from Ras Laffan, Qatar, to Taweelah and Jebel Ali in the UAE, the landing sites, and the riser platform area. The contracts are scheduled to be awarded during the last quarter of this year, said the statement.
The seven companies in the bidding for the upstream FEED are ABB, Bechtel, Fluor Daniel with Worley, Foster Wheeler with Sofresid, Kellogg Brown & Root, Parsons International with Mustang and Costain, and Technip.

The upstream package involves procurement services, construction management of the offshore production platforms in the North Field, offshore pipeline from the North Field to Ras Laffan, a gas processing plant at Ras Laffan, gas compression facilities at Ras Laffan and product storage, offsites, loading and associated facilities.
Fluor Daniel, Kellogg Brown & Root, Kvaerner with Sofresid, and Technip with J.P. Penny are the four companies for the midstream FEED, procurement services and construction management support for the gas pipeline, gas receiving and metering facilities at Taweelah and Jebel Ali and the riser platform.

The eleven companies bidding for the EIA survey are ABS Group, Al Mana Trading, C&J Engineering, Dames & Moore, Eastern Union Corp, Emdad Al Bawardi, Emu Environmental, Fluor Daniel, Fugro Survey (Middle East), Steam Group and Tebodin. Bloomberg adds: Occidental Petroleum wants to join a mega project to ship natural gas from Qatar to the UAE and Oman, Chairman Ray Irani told an investors conference in New York.

Source: Gulf News
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