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Samsung Engineering awarded EPC contract in Iraq  

By Gerald Ondrey |

Samsung Engineering (Seoul, Korea; www.samsungengineering.co.kr) officially signed a contract, worth approximately $1 billion, with LUKOIL Mid-East Ltd. for the project management, engineering, procurement, supply, transportation, construction, pre-commissioning of facilities comprising the Oil Gathering System, Central Processing Facilities and Water Supply System for the development of the West Qurna (Phase 2) Contract Area and thereafter to provide assistance to LUKOIL with its carrying out of the commissioning and start up. The Facilities to be built in the southern part of Iraq near Basra city for the development of the West Qurna Phase 2 oilfield and will process 400,000 barrels of oil and gas a day. Samsung Engineering will execute the contract on a lump sum turnkey basis and is expected to be completed within 29 months. The contract is an important milestone because it is the company’s first deal with LUKOIL, Russia ’s largest private oil company and one of the most prominent oil majors in the world. In addition, the facilities will include Iraq as a new geographical market for Samsung Engineering.  
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