QatarEnergy has revealed that it has awarded an engineering, procurement and construction (EPC) contract for the North Field South (NFS) project to a joint venture of Technip Energies and Consolidated Contractors Company (CCC).
The value of the EPC contract is around $10 billion, according to QatarEnergy, which highlighted in a statement on its website that its scope includes the construction of two LNG mega trains with a capacity of eight million tonnes per year each, as well as the associated facilities for gas treatment, natural gas liquids recovery and helium extraction and refining in the industrial city of Ras Laffan.
NFS, together with the North Field East (NFE) project, will increase Qatar’s LNG production capacity from the current 77 million tons per year to 126 million tons per year, QatarEnergy noted in the statement. The company has a 75 percent stake in the NFS project and has signed collaboration agreements with TotalEnergies, Shell and ConocoPhillips for the remaining 25 percent, he noted.
“QatarEnergy is proud to announce another major milestone in the world’s largest LNG project, strengthening our commitment to meet global demand for natural gas,” Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and Chairman and CEO of QatarEnergy. , said in a statement from the company.
“The NFS project is a unique development that minimizes its environmental footprint by design. It includes one of the largest CO2 capture and sequestration facilities and is an important step towards achieving QatarEnergy’s target of over 11 MTPA of CO2 capture and sequestration by 2035,” he added.
In a statement posted on its site, Technip Energies confirmed the award, noting that a joint venture led by the company, in partnership with CCC, had won a “significant” engineering, procurement, construction and commissioning contract in service (EPCC) by QatarEnergy for the onshore facilities of the NFS project. The company defines a “large” prize as being worth more than $1 billion (€1 billion) in revenue.
“We are very honored to have been awarded this mega LNG project by QatarEnergy, together with our long-standing partner CCC, a leading LNG train construction company,” said Arnaud Pieton, CEO of Technip Energies, in a company statement.
“This award is a testament to the trust, scope and strength of our relationship with QatarEnergy. This new project also reflects our leadership in the LNG market as well as our proven ability to integrate technologies towards low LNG in carbon, fundamental to solving the trilemma of affordable, available and sustainable energy,” he added in the statement.
In a statement posted on CCC’s website, Jamal Bahlawan, the company’s CEO, said: “We are proud and honored to have been awarded this mega LNG project by QatarEnergy, a remarkable achievement built on numerous successful collaborations between Technip Energies and CCC”. .
“CCC has decades of experience delivering LNG projects, in Qatar and around the world, and this award marks another important milestone for CCC and demonstrates the continuity and strength of our presence as one of the leading construction companies in the region,” he added. in the statement.
“By combining the experience and track record of CCC and Technip Energies, we will once again deliver a world-class LNG project that will further nurture our strong relationship with our customers and partners,” Bahlawan continued.
On 24 September 2022, QatarEnergy announced that it had selected TotalEnergies as the first international partner in the NFS expansion project and on 23 October 2022, QatarEnergy noted that it had selected Shell as the second international partner in the NFS project. On October 30, 2022, QatarEnergy announced that it had selected ConocoPhillips as its third and final international development partner.
TotalEnergies and Shell will have a 9.375 percent net effective equity interest in the NFS project, while ConocoPhillips will have a 6.25 percent net effective equity interest, QatarEnergy disclosed last year.
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