DSI wins Iraq oil and gas EPC contract with Italy’s Sicim
UAE-headquartered Drake & Scull International (DSI) has been awarded the share of a $354million EPC contract for the pipeline installation at the Zubair Oil Field in Basrah, Iraq with Sicim of Italy. The contract is DSI’s first project in Iraq and its first major oil & gas contract in the region. DSI will execute the project in […]
Investment into Iraq’s oil and gas infrastructure creates opportunities for the country’s machinery suppliers
UAE-headquartered Drake & Scull International (DSI) has been awarded the share of a $354million EPC contract for the pipeline installation at the Zubair Oil Field in Basrah, Iraq with Sicim of Italy.
The contract is DSI’s first project in Iraq and its first major oil & gas contract in the region. DSI will execute the project in JV collaboration with European EPC specialists SICIM. SICIM has been involved in the execution of EPC projects for the Oil and Gas industry, installing large diameter pipelines and multidisciplinary plants globally since 1962.
The Zubair Oil Field is considered one of the largest in the world – and is developed by a consortium led by Eni, one of Italy’s largest companies specialized in oil & gas, petrochemicals, oil field services, and power generation.
The project scope is EPC services for oil and water flow lines, water trunklines, oil transfer pipelines, and connections to wellheads and degassing stations. Th contract is DSI’s first project in Iraqand its first major Oil & Gas contract in the region.
“The Iraqi construction market offers massive potential in areas such as Oil & Gas where there is a huge demand for EPC contractors,” Khaldoun Tabari, CEO of Drake & Scull International PJSC said. “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.”
Tabari added: “Our strong footprint in the region gives us the flexibility to fast-track mobilisation of resources on the ground. Our history in civil and MEP Projects in the Oil and gas and petrochemical industry has given us the know-how and competitive advantage to make substantial indoors into this competitive field. 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.”