(Yicai Global) July 30 -- A unit of state-owned China Petroleum Engineering Corporation has bagged an additional contract for building work related to a natural gas pipeline project for the state oil firm of Nigeria.
China Petroleum Pipeline Bureau will team up with local company Brentex Petroleum Services for engineering, procurement and construction services related to the Nigerian National Petroleum Corporation project, the Langfang-based firm said in a statement.
The contract value for the additional work is USD409 million, of which about USD286 million will go to CPP. The work includes 89.4 kilometers of 40-inch trunk pipelines, 15 kilometers of 24-inch branch pipelines, one pigging station, one receiving metering station and three valve chests as well as related equipment.
According to the original contract signed in April, the extra work means that CPP will work on a total of 310.6 kilometers of 40-inch trunk pipeline, 15 kilometers of 24-inch branch pipeline, two pigging stations, two receiving metering stations and 10 valve chests over a 24-month period. The original deal won by CPP and Brentex was worth USD1.2 billion, with CPP set to receive USD841 million.
Editor: William Clegg