Dolphin Energy has raised $US4.1 billion to fund its Taweelah – Fujairah Pipeline project as well as to refinance debt.
The 240 km pipeline will carry gas from Dolphin’s Taweelah gas terminal on the Persian Gulf coast across the United Arab Emirates, to Abu Dhabi Water and Electricity Authority’s Power and Water Desalination Plant in the emirate of Fujairah, on the coast of the Gulf of Oman.
Dolphin’s Taweelah terminal receives gas from Qatar’s North Field via the company’s existing 364 km subsea export pipeline from Ras Laffan at a rate of approximately 2 billion cubic feet per day. Facilities at the Taweelah terminal include three parallel receiving trains as well as metering facilities.
Stroytransgaz has been awarded a $US418 million engineering, procurement and construction contract for the pipeline, which encompasses building the linear part of the pipeline, including two scraper launcher-receiver units, nine line-valve units, a gas metering station, as well as installing a SCADA system, a system for detecting gas leaks and ensuring fire safety, electrochemical erosion protection, self-regulating and control instrumentation, and telecommunications equipment.
Salzgitter Mannesmann International will supply 120,000 tonnes of X70 48 inch coated line pipe for the project, at a cost of over $US200 million.
Dolphin expects that by February 2010, a 127 km portion of the pipeline that extends from the Taweelah facility and ties in with the company’s existing Al Ain to Fujairah pipeline will be completed. This will allow Dolphin to feed Fujairah facilities with gas until the Taweelah – Fujairah Pipeline is completed later in 2009.
Mubadala Development Company, on behalf of the Government of Abu Dhabi, owns 51 per cent of Dolphin Energy, with Total and Occidental Petroleum owning 24.5 per cent each.
