DSI lands first Iraq contract
Dubai based contractor jointly appointed to $358m project at Zubair Oil Field
Drake and Scull International (DSI) has announced its award of a $358m contract, in collaboration with Italian company Sicim, to install a pipeline at Iraq’s Zubair Oil Field.
The contract, which is divided equally between the two firms, will see DSI provide EPC services for oil and water flow lines, water trunklines, oil transfer pipelines, and connections to wellheads and degassing stations.
A first for DSI in Iraq and the first major oil and gas contract for the company in the region, a statement described the contract as “substantial”.
“The Iraqi construction market offers massive potential in areas such as oil and gas where there is a huge demand for EPC contractors,” commented CEO Khaldoun Tabari.
“The country is also undertaking substantial developments to revolutionize its social infrastructure and as such we can expect demand for our type of services to extend to other key sectors such as healthcare, education, hospitality , housing , waste water and water treatment. Our work on the Zubair Oil Field marks an important milestone for DSI and will optimize our exposure and market reach to the oil and gas domain”.
One of the largest oild fields in the world, Zubair Oil Field is located in the southern region of the country, west of Basrah and is considered to be one of the largest in the world and is developed by a consortium led by Italian firm Eni.
Tabari added: “Our strong foot print in the region gives us the flexibly to fast track mobilization of resources on the ground. Our offices in Iraq are gearing up to tackle the complexities and dynamics of the project and we expect to complete the work in July 2014.”
