Petrofac has been awarded an Engineering, Procurement and Construction (EPC) contract, valued at approximately 340 million euros, with South Stream Transport B.V., a wholly owned subsidiary of GAZPROM, for the development of onshore pipelines and a gas receiving terminal near Kıyıköy in Turkey.
Through its EPCm business, Petrofac has been undertaking early works since April, which includes FEED verification, detailed design and procurement for the project which is associated with the offshore section of the TurkStream Gas Pipeline.
Under the contract, Petrofac will provide engineering, procurement and construction for the receiving terminal, which will be ready for commercial operations in December 2019. When completed, the facility will receive 31.5 billion cubic metres of gas annually from the TurkStream pipeline originating from the compressor station in Anapa, Russia.
Commenting on the award, Roberto Bertocco, Managing Director, EPCm for Petrofac Engineering and Production Services said: “We’re delighted to be working with South Stream Transport to help open up a vital gas export channel to Turkey and Southeast Europe.
“We have been working collaboratively and successfully with our client’s team for the past five months to establish the project. We now look forward to progressing to the next phase where our focus is on achieving safe and effective delivery in line with South Stream Transport’s goals and expectations.”