SapuraKencana Gets USD 126 Mln TANAP EPCI Contract

SapuraKencana Petroleum Berhad (SapuraKencana) has secured RM 510 million (approx. USD 126 million) contract for the Trans Anatolian Natural Gas Pipeline (TANAP) from TANAP Doğalgaz İletim A.S.

The contract is for the engineering, procurement, construction and installation (EPCI) of offshore pipelines and fibre optic cables for TANAP, located offshore Dardanelles Strait in the Sea of Marmara.

The project is scheduled to start in the third quarter of 2016 and end in the third quarter of 2018, the company informed.

TANAP is a strategic natural gas pipeline project that links the two continents of Europe and Asia, supplying natural gas from the Southern Gas Corridor project in Azerbaijan through Georgia and Turkey and onwards to Europe.

TANAP is 58% owned by the State Oil Company of Azerbaijan Republic (SOCAR), 30% owned by the stated-owned Turkish BOTAS Petroleum Pipeline Corporation (BOTAS) and 12% owned by British Petroleum Plc (BP).