Samsung signs Algeria TIMIMOUN gas project

Samsung Engineering Co., Ltd. has signed the Algeria Timimoun field development project worth US$ 800 million with Groupement Timimoun (GTIM), a joint venture between Sonatrach, Total and Cepsa.

The signing ceremony was held in Algiers, the capital of Algeria, with the attendance of Samsung engineering's President and Chief Executive Officer Park Choong-Heum and Sonatrach's President and Chief Executive Officer Abdelhamid Zerguine.

The Timimoun field development project is located 800 km southwest of Algiers. Samsung Engineering is responsible for engineering, procurement, construction and pre-commissioning on a lump-sum turnkey basis to build a 180 km pipeline and a central processing facility (CPF) with a capacity of 177 million ft³/day. The project is expected to reach completion in 2017.

Samsung Engineering was the only Korean company selected for this project in the pool of top European and Japanese EPC firms. The company has proven its expertise in oil and gas plant projects with a strong track record in Iraq, Saudi Arabia, Indonesia and Malaysia.

Choong Heum Park, President and Chief Executive Officer of Samsung Engineering, commented: "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."

Adapted from press release by Hannah Priestley-Eaton

Read the article online at: https://www.worldpipelines.com/business-news/17022014/samsung_signs_algeria_timimoun_gas_project/