Contractor wins work on world’s largest gas deposit

Interserve has won £70m of contracts on the development of the world’s largest single gas deposit in Qatar.

The contractor’s associate company, Gulf Contracting, will carry out the work at Ras Laffan, 40 miles from the gas reserves offshore.

Real-time Share Price
Real-time Share Price

The first £60m contract is to construct infrastructure, offices and administration buildings at Barzan for energy firm JGC.

The Barzan facility is being completed in three phases, the first of which is due to come on stream in 2014.

It will process 1.4 billion cubic feet of gas a day which, together with the facility’s other petrochemical products, will be equivalent to a daily output of more than 300,000 barrels of oil.

The second £10m contract for Nakilat is on the continuing development of dry docks and associated marine support infrastructure.

Adrian Ringrose, chief executive of Interserve, said: “These projects demonstrate that, for companies which have the necessary experience and local knowledge, Qatar continues to be at the forefront of growth in the Middle East.”

“Barzan will be one of the country’s main developments over the coming years, and our involvement at this stage positions us well for future work. And this latest contract with Nakilat represents the continuation of a successful relationship that stretches over several years, and brings the total value of work we shall have undertaken on its behalf to nearly £100 million.”