Reportedly, the South Korean tech giant, Samsung has received a letter of award (LOA) from ADNOC (Engineering Department), the UAE’s state-run oil company. The 15-year-long partnership with ADNOC makes the project win situation.
The award is related to the pre-construction services (PCS) for the Hail and Ghasha gas field project, according to the Financial Supervisory Services.
The gas field project is scheduled to construct two natural gas fields in Manaif, 250 km west of Abu Dhabi. The names of the gas fields are Hail and Ghasha, respectively. The project is being promoted as part of ADNOC’s low-carbon growth strategy.
Samsung Engineering set up a joint venture (JV) with France’s Technip Energy and Italy’s Technimon to win the PCS contract, which is worth US$80.7 million. Samsung’s stake is US$27.2 million. The project will run for six months until July 16.
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