Baku, Azerbaijan, May 19
By Aygun Badalova -Trend:
Trans-Anatolian gas pipeline (TANAP) construction project awarded Australian WorleyParsons a significant five year contract for the supply of Engineering, Procurement and Construction Management (EPCM) services, the company reported on May 19.
WorleyParsons is a leading provider of professional services to the resources & energy sectors and complex process industries.
The contract is for the provision of project management, co-ordination, planning, design, engineering, construction management, contracting, procurement, project controls and other services for construction of the new pipeline and pipeline facilities including compressor stations.
Typically EPCM fees for pipeline projects are significantly lower than those for complex process projects.
Trans Anatolian Natural Gas Pipeline Project has an estimated total project cost of $11.7 billion, according to WorleyParsons' statement.
The TANAP project envisages gas transportation from the Azerbaijani Shah Deniz field to Europe via Turkey.
The pipeline will be commissioned in mid-2018 with the initial capacity of 16 billion cubic meters per year. Around six billion cubic meters will be delivered to Turkey and the rest to Europe. In future, the pipeline's capacity can be expanded to 31 billion cubic meters of gas per year.
The first gas will be delivered to Turkey in 2018 and to Europe in 2019.
Currently the share distribution in the TANAP project is Turkey (20 percent) and Azerbaijan (80 percent). Following the completion of the process to acquire a stake in the TANAP project by British company BP, shares in the project will be distributed as follows: SOCAR (operator) - 68 percent , Botas (Turkish state pipeline company) - 20 percent and BP - 12 percent.