US$160 Million Onshore Contract for Bouygues Offshore in Nigeria.MONTIGNY-LE-BRETONNEUX, France--(BUSINESS WIRE)--Jan. 25, 1999-- The Shell Petroleum Development Company of Nigeria (a joint venture between Shell as Operator, Nigerian National Petroleum Corporation The Nigerian National Petroleum Corporation (NNPC) , sometimes known as the Nigerian National Petroleum Company, is the state oil corporation through which the federal government of Nigeria regulates and participates in the country's petroleum industry. , Elf and Agip) has awarded a contract for gas collection and processing facilities to BOUYGUES OFFSHORE S.A., (NYSE NYSE See: New York Stock Exchange :BWG BWG Bankwesengesetz (Federal Law on Banking, Austria) BWG Beam Waveguide (antenna) BWG Bundesamt für Wasser und Geologie (Federal Office for Water and Geology, Switzerland) ). The project, known as ODIDI Associated Gas Gathering (AGG AGG Aggregate AGG Allgemeines Gleichbehandlungsgesetz AGG African Gold Group, Inc. AGG Arnall Golden Gregory LLP (Atlanta, GA) AGG Aggravated AGG Asociación de Gerentes de Guatemala ) Project, will gather and process associated gas from five flowstations in the Niger Delta area of SPDC's operation in Nigeria. The project involves the construction of gas compression and processing facilities which will enable the collection of associated gas from: Odidi-I, Odidi-II, Egwa-I, Egwa-II and Batan flowstations and delivery of the processes gas to the Nigerian Gas Company (NGC) Escravos Lagos Pipeline System (ELPS ELPS East Lansing Public Schools (Michigan) ELPS Extended Librarian Interactive Productivity Service (Sprint) ELPS Experience, Language, Pictures, Symbols (education) ). It is one of several projects by SPDC SPDC State Peace and Development Council (Myanmar) SPDC Shell Petroleum Development Company SPDC Spontaneous Parametric Down Conversion SPDC Self-Protecting Digital Content SPDC Sokhna Port Development Company aimed at ending gas flaring from its operation by 2008. The contract amounting to $160 million encompasses Engineering, Procurement Installation and Commissioning (EPIC) of new compression stations and upgrade of existing flowstations, as well as construction of the central processing facility at Odidi-I. The contract also includes the Engineering and Procurement of the pipeline network for the project. The delivery date of all the installations is scheduled for the third quarter of 2001. Commenting on this new contract, Herv, Le Bouc, Chief Executive Officer, stated: " This new contract enhances our leading position in Nigeria for onshore projects and further reinforces our high backlog level". Bouygues Offshore S.A. is a leading international contractor serving the oil and gas industry, specializing in providing integrated solutions for the design, construction, installation and management of offshore and onshore oil and gas turnkey projects. The Company also provides maintenance services to the oil industry, engages in maritime and river-related civil work projects and designs and constructs liquefied natural gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. (LNG) import terminals and storage tanks. |
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