Dana Gas has let a $17 million contract for fabrication of a platform for the Zora gas field. The contract is with Adyard Abu Dhabi, a subsidiary of Interserve PLC.
Dana Gas in 2012 signed agreements with the governments of Sharjah and Ajman to develop the field offshore the two emirates.
The platform will be installed in 24 m of water. Dana Gas expects to start delivering 40 MMcfd in first-half 2015. Gas will be transported by a 35-km pipeline to an onshore processing facility in Sharjah.
“This contract is the first strategically significant development towards bringing the Zora gas field on stream,” said Patrick Allman-Ward, chief executive officer of Dana Gas. He anticipates capital investment of $160 million during the project execution phase.