Samsung signs $800mn Algeria gas field deal

Samsung Engineering has signed an $800mn deal to develop a gas field in Algeria.The contract was signed with Groupement Timimoun (GTIM), which is a joint venture between Government-owned oil & gas company Sonatrach, Total and Cepsa.

It is developing the Timimom Field project 800km southwest of Algiers, where Samsung has been granted an engineering, procurement, construction and pre-commissioning contract for a 180km pipeline and a central processing facility. The latter will be capable of processing 177mn ft3 of gas per day.The project is set to complete in 2017.

[tbpspa]

Speaking at the ceremony, Samsung Engineering’s president and CEO Choong Heum Park said: “Our accumulated experience in the oil and gas sector in MENA led to this opportunity to work with Groupement Timimoun.

“With our commitment to safety for the project and environment, we will execute and complete this project successfully and expect to deepen our footprint in Africa.”

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