Sapurakencana Petroleum secures $125 M Trans Anatolian Natural Gas Pipeline contract
Map of the Trans Anatolian Natural Gas Pipeline. Graphic courtesy of TANAP.
SapuraKencana Petroleum Berhad (“SapuraKencana”) has secured a $125 M contract for the Trans Anatolian Natural Gas Pipeline (“TANAP”) from TANAP.
The contract, awarded to SapuraKencana is for the engineering, procurement, construction and installation of offshore pipelines and fiber optic cables for TANAP, located offshore Dardanelles Strait in the Sea of Marmara. The project is scheduled to commence in Q3 2016 and end in Q3 2018.
TANAP is a strategic natural gas pipeline project that links the two continents of Europe and Asia, supplying natural gas from the Southern Gas Corridor project in Azerbaijan through Georgia and Turkey and onwards to Europe. TANAP is 58% owned by the State Oil Company of Azerbaijan Republic (“SOCAR”), 30% owned by the stated-owned Turkish BOTAS Petroleum Pipeline Corporation (“BOTAS”) and 12% owned by British Petroleum Plc (“BP”).
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