HHI wins a $620 million order for a gas facility project in Nigeria

abarrelfullabarrelfull wrote on 17 Jul 2012 12:40
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2005-05-02

On May 2, HHI announced that it recently won a $620 million gas facility supply project in Nigeria from ChevronTexaco.

The turnkey work is comprised of the manufacture of a production/processing facility for the onshore gas plant in Escravos Field 161 km Southwest of Lagos and a drilling and production facility for an offshore drilling site 30km off the Warri coast, their design, purchasing, transportation, installation and commissioning.

The facility is comprised of the onshore gas plant facility that will produce and process 400 million cubic ft of natural gas and byproducts, such as LPG and condensates daily with the gas produced in Escravos Field, plus the offshore platform facility that are capable of drilling 450 million cubic ft of gas a day and carrying out the process of pressurizing, dehydrating and processing 70 million cubic ft of gas daily.

HHI is scheduled to complete the work, by the end of the first half of 2008, comprised of the manufacture of the onshore gas processing facility and the Unit-2 of the offshore platform, expansion of the existing facility, and renovation of the existing LPG FSO.

Natural gas and its byproduct, such as LPG and condensates, produced from the project will be supplied for domestic use of that African country and exported to neighboring countries, such as Ghana, Togo and Benin via the WAGP pipeline. Part of them will be used as raw materials at the Escravos GTL Plant which is scheduled for commencement of operation in 2009 .

HHI was finally selected as the successful bidder after a process of fierce competition with the world’s leading EPC (Erection, procurement and construction) businesses in recognition of its ample experience in similar works and superior technological prowess.

This order came after the three gas processing and crude oil storage projects (worth $1.5 billion in total) won by HHI for that part of the world in 2000, 2002 and early this year from Shell and ExxonMobil. The FSO (Floating Storage Offloading) facility the Company won in 2000 was delivered to the Client in 2002.

HHI plans to do its best to establish a solid position in the West African natural gas market by strengthening the cooperative relations with the world’s oil majors on the basis of its superb technological prowess.

The Company plans to win $3 billion worth of orders in the Offshore/Industrial Plant sectors this year.


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