GASCO is currently implementing several major projects involving modifications / expansions to the existing plant facilities as well as installation of new Gas Processing facilities at various plant locations. During the year 2010, 6 Mega Projects with total capital investments of about US$ 7.0 Billion (viz. Habshan 3 & 4, Ruwais Train 3, Asab 2, Offshore Associated Gases Package 2 & 3 and NGL Pipelines Replacement) have been completed successfully and are currently under operation, meeting the design throughputs and product specifications. Another project "Ruwais Sulphur Expansion – Phase 3 is nearing completion.
Currently 12 new EPC Projects with an estimated capital investment in excess of US$ 13 Billion are under various stages of execution. Once completed, GASCO will become one of the largest gas processing Companies in the world.
In addition 4 Projects are in EPC Tendering Stage and 6 are in Pre-FEED / FEED Execution Phase.
GASCO's Major Projects Group, comprising of an integrated team of specialists covering the entire range of Project Management functions (Viz. Project Management, Engineering, Project Controls, Contracting & Procurement, Quality Assurance, HSE, Construction, Commissioning and Interface Management), is responsible for execution and management of all Major Projects right from the concept stage up to the stage of commissioning, Performance Test Run and Handover to Operations.
All projects progress through three distinct stages of implementation:
1.Pre-FEED
2.FEED
3.EPC
During the initial stage of the project, Techno-economic Feasibility Study (Pre-FEED) is carried out to determine the fundamental aspects of the project and to evaluate all possible options to select the optimum one. This is followed by the Front-End Engineering and Design (FEED) stage to perform the basic design, define fully the project scope and re-evaluate the project economics and seeking management approval to proceed to execute EPC Phase of the Project, before issuing the inquiries seeking competitive tenders for the EPC execution phase. The third stage is the Engineering, Procurement and Construction (EPC) stage, before handover of the installations to Operations. Each stage is followed by Shareholders' formal approval to move to the next Stage.
During the last decade, apart from the 6 Projects mentioned earlier, several other major projects have been completed by GASCO. These include Asab Gas Development Phase I (2000), Ruwais Upgrading Project including Digital Control System (2001), Maqta-Jabel Ali Gas pipeline project (2002), Onshore Gas Development Phase 2 (2002), Bu Hasa Integrated Control System (2005), Habshan Ethane Recovery Maximization (2005), Asab / Bab Integrated Control Systems (2007) and Bu Hasa Upgrade Project (2008), apart from various other major Pipeline projects.