Samsung Engineering signed the Algeria Timimoun Field Development project worth USD 800M with Groupement Timimoun (GTIM), a joint venture between Sonatrach, Total and Cepsa. The signing ceremony was held in Algiers, the capital of Algeria in the presence of Samsung Engineering President and CEO Park Choong-Heum and Sonatrach President & CEO Abdelhamid Zerguine.
The Timimoun Field Development project is located 800km southwest of Algiers. Samsung Engineering will be responsible for engineering, procurement, construction and pre-commissioning on a lump-sum-turn-key basis to build a 180km pipeline and a Central Processing Facility (CPF) with a capacity of 177MMSCFD. The project is expected to reach its completion in 2017.
Samsung Engineering was the only Korean company selected for this project in the pool of top European and Japanese EPC firms. Choong Heum Park, President and CEO 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.”
