Costain wins billion dollar Bid Boland construction contract
The Bid Boland plant in Iran will cost US $1.6 billion and is expected to take four years to complete
Costain has taken a US $1.6 billion (£900 million) seal to build a new gas treatment plant in Iran.
The contract will be managed by Costain Oil, Gas and Process (COGAP).
The National Iranian Gas Company has awarded the firm the deal for the Bid Boland 2 plant, which will process up to 56 million m3 of gas per day.
Costain chief executive Stuart Doughty said: “Against intense competition, we were awarded the contract in recognition of our overall technical, engineering and construction expertise. This contract is a significant boost to our strategy of developing an international gas processing business.”
Costain has teamed up with Spanish construction giant Dragados and Iranian companies Sazeh and Jahanpars for the project. It will be built in the southwest of Iran, about 15 km from Behbahan City in Khuzestan province.
The job is expected to take four years to complete. Costain built the existing Bid Boland 1 plant in the 1970s, and carried out its first project, the Iranian railway, in Iran in 1935.
Charles Sweeney, managing director of COGAP, said:
“Costain has a long history of working in the Middle East and we are delighted to have been selected for this prestigious project.”
The new plant is going to be bigger than the other large gas plant in Iran, which is located in the South Pars gas field in the southern port of Assaluyeh.