MINISTRY OF MINES AND HYDROCARBONS GIVES GREENLIGHT TO SAIPEM


Equatorial Guinea’s Ministry of Mines and Hydrocarbons has approved an amount of $90—100 million for Alen unit contract.

The Alen unit contract approved is granted to saipem, an Itian contractor

The contract according to a press release will be monitored by the Ministry of Mines and Hydrocarbons that, it will financially benefit from the agreement identified under the scope of the contract.

Furthermore, Equatorial Guinea’s Ministry of mines and hydrocarbons has approved a 70km pipeline that will link the Alen Unit, operated by Noble energy and the petrochemical complex of Punta Europa within the framework of Equatorial Guinea’s gas monetization project.

Meanwhile, the $90—100 million contract has been awarded to Italian contactor saipem.

In addition, gas has been re-injected into the field extending the life of the liquefied Natural Gas train that, the first gas is excepted to be delivered during the first quarter of 2021 stated in the press release.

Therefore the Mines and Hydrocarbons Minister, His Excellency Gabriel MbagaaObiang Lima anticipate that, this “contract, which is being approved exceptionally under the given circumstances will contribute immensely to improving the performance of local businesses and the creation of employment, the Ministry priority”.

Story By: Amarh-Jane Mavis Kubuafor

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