Dubai-Mubasher: Drake & Scull International (DSI) has announced on Monday that it has been awarded a AED 226 million ($61.53 million) engineering, procurement, and construction (EPC) contract for an oil field in Iraq, according to a bourse statement.
The deal covers the construction works of a water injection network installation project at the Zubair oil field in Basra, Iraq by ENI Iraq B.V. (EIBV) which is a subsidiary of the Italian oil and gas multinational firm ENI.
“Drake and Scull Oil & Gas (DSOG) will oversee the Engineering, Procurement and Construction (EPC) of a gas supply pipeline system to a power plant in addition to water injection systems consisting of flow lines, trunk lines, manifolds stations and wellheads hook-up work to enhance oil recovery,” the statement said.
The project is scheduled to be completed by early 2018.
“The contract award has also raised DSI’s total project wins to AED 570 million in very challenging circumstances,” said DSI’s Chief Operating Officer (COO) Wael Allan.
