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(Yicai Global) Feb. 28 -- The oilfield construction arm of China Petroleum and Chemical Corp. has won the engineering, procurement, supply, construction and commission contract worth USD611 million to build oil and gas transmission systems in Uganda’s Tilenga oilfield.
Sinopec International Petroleum Service has been appointed by the oilfield’s developer, French multinational oil and gas company TotalEnergies, to be the EPSCC contractor at the Tilenga oilfield near Lake Albert in the west of the African country, parent firm Sinopec Oilfield Service Corp., which is also a unit of China Petroleum and Chemical Corporation otherwise known as Sinopec, said yesterday.
Sinopec International will build an oil and gas transmission system from Tilenga oilfield’s wellhead to its central oil and gas processing station and other facilities, it added. Construction is expected to take six years. Paris-based TotalEnergies had said in June last year that it wanted the project finished in three-and-a-half years.
The Tilenga oilfield, which is still under development, consists of five reservoir blocks and 426 wells. It is expected to have an output of 10 million tons of crude oil a year.
The contract will give Sinopec Oilfield new opportunities in the East African market, the Beijing-based firm said. Sinopec Oilfield’s stock price [HKG:1033] closed up 2.82 percent at HKD0.73 (USD0.93) today.
Editor: Kim Taylor