By Libya Herald staff.
Tripoli, 18 July 2014:
Multinational engineering and construction company and power equipment supplier Foster Wheeler has been awarded a front-end . . .[restrict]engineering design (FEED) contract for onshore oilfield development in Libya. The project will take place in Area 47 in the Hamada region, in the Ghadames Basin, some 200 kilometres south of Tripoli.
Nafusah Oil Operations awarded Foster Wheeler the contract in a joint venture with Taknia Libya Engineering. The contract value is not disclosed but will be included in the company’s second-quarter statements.
The Area 47 project will include approximately 23 new wells as well as 11 existing wells, flow-lines, transportation of all products, and a central gas oil separation facility for primary treatment. The facility is projected to have a capacity of 50,000 b/d of oil and 90 million cubic feet per day of gas. The separated oil and gas will be piped to Libya’s Mellitah terminal on the coast for export.
Nafusah Oil anticipates that oil production will start by 2016 and expects the Foster Wheeler-Taknia joint venture to be completed as soon as possible so that the second phase of the Area 47 Development Project can begin in 2015. [/restrict]