Groupement Isarene has shortlisted four bidders to provide the engineering, procurement and construction (EPC) services for the development of Ain Tsila gas and condensate field in the Illizi basin, Algeria.
The bidders include Daewoo Engineering & Construction; consortium of GS Engineering and Dodsal Engineering & Construction, a joint venture of JGC and JGC Algeria, as well as Tecnidas Reunidas and Bonatti consortium.
Expected to be awarded by the end of this year, the EPC contract scope include central processing facility, an industrial base, an administration/ accommodation base, well gathering system, and product export system.
However, the work is based on the results of front end engineering and design (FEED), which is being carried out by Chicago Bridge and Iron for the Groupement.
Groupement Isarene is a joint venture (JV) between Petroceltic, Enel and Sonatrach, and is responsible for executing the Ain Tsila field project.
Petroceltic holds 38.25% working interest in the JV, while Enel and Sonatrach has 18.375% stake and with 43.375% stake, respectively.
Petroceltic CEO Brian O’Cathain said: "The anticipated award of the EPC to an EPC contractor with significant Algeria experience will be a major milestone in de-risking that schedule."
The Ain Tsila field is estimated to have production capacity of 2.1 trillion cubic feet of sales gas, 67 million barrels of condensate and 108 million barrels of LPG extracted from an annual average wet gas plateau rate of 355 million standard cubic feet/day.
The company is scheduled to commence development drilling at the project in the fourth quarter of this year with gas export planned in 2018.