NewswireToday - /newswire/ -
Paris, Ile de France, France, 2013/08/08 - Algiers,“Groupement TouatGaz”, a partnership between SONATRACH and the GDF SUEZ Group operating the Touat gas field, signed an EPCC contract with the Spanish company Técnicas Reunidas for the development of the Touat field located in southwest Algeria. FR0010 208488
On August 7, in Algiers,“Groupement TouatGaz”, a partnership between SONATRACH and the GDF SUEZ Group operating the Touat gas field, signed an EPCC (engineering, procurement, construction and commissioning) contract with the Spanish company Técnicas Reunidas for the development of the Touat field located in southwest Algeria. Técnicas Reunidas was awarded the contract after a tender offer procedure opened July 17, 2013 in which four international companies participated.
This contract covers the field’s first phase development plan, consisting mainly in the construction of an industrial natural gas treatment complex and collection system. Production launch for the Touat field is planned for late 2016. The project will produce annually 4.5 billion standard cu.m of gas and 630,000 barrels of condensate.
Meanwhile,“Groupement TouatGaz” has begun to drill natural gas production wells to meet the needs of the treatment complex. 25 wells are scheduled in the first phase before the complex startup date.
At the contract signing ceremony, Abdelhamid ZERGUINE, CEO of SONATRACH, congratulated the joint SONATRACH GDF SUEZ teams and stated his satisfaction in seeing the development strategy of the Southwest natural gas hub take shape: “I am very happy with the signing of this contract for a project that once again gives concrete expression to the choice of a partnership as strategic development option in the determination to promote SONATRACH’s growth.”
Jean-Marie DAUGER, Executive Vice-President of GDF SUEZ in charge of the Global Gas & LNG business line, congratulated the “Groupement TouatGaz” teams: “The close collaboration between the SONATRACH and GDF SUEZ teams made it possible to complete this major step forward for the Touat project and constitutes the best guarantee of success for this large-scale project”.
About GDF SUEZ
GDF SUEZ (gdfsuez.com) develops its businesses (electricity, natural gas, services) around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: liquefied natural gas, energy efficiency services, independent power production and environmental services. GDF SUEZ employs 138,200 people worldwide and achieved revenues of €82 billion in 2012. The Group is listed on the Paris, Brussels and Luxembourg stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, ASPI Eurozone, Vigeo World 120, Vigeo Europe 120 and Vigeo France 20.
Investor Relations contact:
T:+33(0)1 44 22 66 29 - E: ir[.]gdfsuez.com.