Arkad-ABB SpA, as a member of the consortium led by the Saudi engineering and construction group Arkad, signed a contract with Bulgartransgaz EAD, a natural gas combined operator, to Engineer, Procure, Construct and Fund (EPC & F) a gas pipeline system expansion in Bulgaria. The consortium is made up of Arkad E&C, a $3bn engineering and construction group with over 9,000 staff, and Arkad-ABB SpA. Overall contract value for the EPC project is Euro 1.102 billion.
Scope of the contract is the construction and delivery of a 48inch 474 km (295 mile) pipeline linking Bulgar-ia’s southern border with Turkey to its western border with Serbia. Arkad-ABB will deliver engineering, pro-curement services, and support to construction, pre-commissioning and commissioning activities for the entire project, through a highly skilled task force mobilized to Bulgaria and its experienced team located in the Milan head office. Furthermore, the project execution strategy calls for a significant involvement of Ital-ian manufacturers, suppliers and service providers.
“This project underscores Arkad-ABB expertise based on over 50 years of continuous operations as an EPC provider to the oil and gas industry”, said Fares Khatib - Chief Executive Officer of Arkad-ABB. “We are fully committed to deliver this strategic project to Bulgartransgaz within the contract duration. This pro-ject is an important element in Bulgaria energy strategy; we are very excited that Bulgartransgaz entrusted our Arkad Consortium to build it”.
The consortium expects to begin work on the project execution immediately after the contract signature and the targeted date of project completion for the whole pipeline system will be 615 days from the letter of assignment date.
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