First line of Kandym Gas Chemical Complex to be commissioned in 2018
24/11/2014 09:26
First line of Kandym Gas Chemical Complex to be commissioned in 2018
24/11/2014 09:26
Tashkent, Uzbekistan (UzDaily.com) -- A consortium led by Hyundai Engineering Co., Ltd. (South Korea) won a tender for supply of equipment, construction of a complex of gas processing plant and Kandym groups of fields.
President of Uzbekistan Islam Karimov signed a resolution “On additional measures on further implementation of the agreement on product sharing with LUKOIL Overseas Uzbekistan Ltd.”.
The resolution said that LUKOIL Overseas Operating Company is developing feasibility study and documentation of construction of the objects of the project.
The consortium led by Hyundai Engineering Co., Ltd. won the tender results on selection of contractor on supply of equipment, construction of gas processing plant and Kandym group of fields, the resolution said.
Uzbek leader agreed with proposal of Uzbekneftegaz and LUKOIL Overseas Uzbekistan Ltd on signing of the agreement between Hyundai Engineering Co., Ltd. and LUKOIL Overseas Uzbekistan Operating Company on supply of equipment, construction of gas processing plant and Kandym group of fields on turn-key bases with the total cost of US$2.662 billion.
The resolution said that the first line of Kandym Gas-Processing Plant will be commissioned by 1 July 2014. Islam Karimov prolonged the term of the agreement on product sharing agreement by seven years in relation to the Kandym group of fields, Khauzak and Shady fields, as well as Kungrad field.
Islam Karimov approved signing of a 10-year long-term framework agreement on export of natural gas, mined within the agreement, with Uztransgaz.
Uzbekneftegaz and LUKOIL Overseas Uzbekistan Ltd will submit feasibility study of the project “Construction of the complex of gas processing plant and Kandym group of fields” to the Cabinet of Ministers in set terms till 1 April 2015.
The Uzbek leader entrusted Ministry of Economy, Uzbekenergo, Uzbekistan Temir Yollari, Uzbekneftegaz, Ministry of Finance and LUKOIL Uzbekistan Operating Company to submit a draft decision of the government on construction of external electricity supply network, railway transport infrastructure, etc.
President entrusted the Cabinet of Ministers of Uzbekistan to issue necessary licenses to LUKOIL Uzbekistan Operating Company for use of entrails for extraction of loess deposits on the Alat and Karakul fields (1966) and extraction of sand and gravel materials in the fields Kuyumazarskoe, Kuyumazarskoe II and Dzhalvanchulskoe, located in Bukhara region, for use as a raw material for the construction of facilities in the framework of this project, through direct negotiations, without holding tenders.
Hyundai Engineering won the tender in 2011 and became contractor on designing of building complex on gas processing plant and construction of Kandym group of fields.
The capacity of Kandym gas processing plant makes up 8 billion cubic meters. The volume of investments estimated at US$3 billion. Kandym group includes six gas condensate fields. It is also planned to construct over 120 wells, gas compressor stations, points for collecting gas, terminals for loading liquid hydrocarbons and granulated brimstone, camp, electricity line, etc.
The part of the project is to develop Kungrad block at Ustyurt. The forecasted resources of the block estimated at 100 million tonnes of oil-equivalent. LUKOIL Uzbekistan Operating Company started to use Kandym group of gas condensate fields in early 2010.
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