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FINANCIAL NEWS
Oman’s PDO awards USD100m contract to ABB
28 Jul 2012
(MENAFN) Petroleum Development Oman (PDO) has awarded a USD100 million contract to Swiss power and technology group ABB to set up a new gas condensate processing plant in Oman, Arabian Business reported.
The new Saih Nihayda Condensate Stabilisation Plant, scheduled for completion by the end of 2014, will be located near the Saih Nihayda gas plant in the north part of PDO concession area, and will have the capacity to process 4,500 standard cubic metres of condensate per day, ABB said.
The company added that the new plant will be used as a backup for the existing central processing plant to ensure continued gas production for PDO’s domestic and export customers.
The contract also includes providing power equipment like low-and medium-voltage switchgear, power transformers, the electrical control system, as well as continuous emission monitoring systems and other analytical instrumentation, ABB said.
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