BGR Energy Systems has announced that the State Company for Oil Projects (SCOP), Ministry of Oil, Iraq, has increased the value of the contract it placed in the Oil and Gas Equipment division of the company from $76.6 million to $80.5 million.
In October 2006, SCOP had awarded a lump-sum turnkey contract worth of $76.60 million to BGR Energy, for design & supply of gas processing complex of Kormor Gas Field Development (KGFD) project. But the project could not take-off due to change in operating parameters.
The state-run entity has now awarded a fresh contract for development of two gas fields viz, Akas and AI-Mansuria.
The company has secured this contract after out-bidding European companies like OGI – Ireland, Petrel – United Kingdom (UK), Snamprogetti – Italy and Equinox – Canada.
The scope of the new contracts includes engineering, procurement and supply of key utilities viz., turbo gas generators, water system plant, fire and gas detection, fire water system and instrumentation air system.
Both Akas and AI-Mansuria gas processing projects are of 110 mm standard cubic feet per day high pressure gas processing fields and will be completed over 18 months.
This is the latest of the fourth consecutive order to BGR Energy from SCOP. It has supplied 45 hydro carbon tanks worth of $17.88 million against first and second contracts for Najaf Tank project.
Currently, the company is executing the third order for supply of 17 Tanks valuing $9.30 million for Aumara Tank project.