Arkad-ABB awarded EPC for Bulgaria’s Balcanstream pipeline
Published by Lydia Woellwarth,
Arkad-ABB SpA, as a member of the consortium led by the Saudi engineering and construction group Arkad, has signed a contract with Bulgartransgaz EAD, a natural gas combined operator, to engineer, procure, construct and fund (EPC&F) a gas pipeline system expansion in Bulgaria. The consortium is made up of Arkad E&C, a US$3 billion engineering and construction group with over 9000 staff, and Arkad-ABB SpA. Overall contract value for the EPC project is €1.102 billion.
Scope of the contract is the construction and delivery of a 48 in., 474 km (295 mile) pipeline linking Bulgaria’s southern border with Turkey to its western border with Serbia. Arkad-ABB will deliver engineering, procurement services, and support to construction, pre-commissioning and commissioning activities for the entire project, through a highly skilled task force mobilised to Bulgaria, and its experienced team located in the Milan head office. Furthermore, the project execution strategy calls for a significant involvement of Italian manufacturers, suppliers and service providers.
“This project underscores Arkad-ABB expertise based on over 50 years of continuous operations as an EPC provider to the oil and gas industry”, said Fares Khatib, Chief Executive Officer of Arkad-ABB. “We are fully committed to deliver this strategic project to Bulgartransgaz within the contract duration. This project is an important element in Bulgaria energy strategy; we are very excited that Bulgartransgaz entrusted our Arkad Consortium to build it.”
The consortium expects to begin work on the project execution immediately after the contract signing and the targeted date of project completion for the whole pipeline system will be 615 days from the letter of assignment date.
Arkad-ABB SpA is an energy services group focused on delivering excellence in the oil and gas sector. Launched by Saudi energy group Arkad and by ABB, it provides the full range of integrated engineering, procurement and construction services. Headquartered in Milan, Italy, the company inherited competences and capabilities of its predecessors’ companies with more than 50 years of experience and over 300 EPC projects implemented around the world.
Read the article online at: https://www.worldpipelines.com/contracts-and-tenders/20092019/arkad-abb-awarded-epc-for-bulgarias-balcanstream-pipeline/
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