Tayeb Said, Managing Director, Taknia Libya Engineering Company, said:
“Taknia Libya Engineering Company looks forward to the joint execution of this FEED project with Foster Wheeler.
"We hope this partnership will open the door for more co-operation between the two parties to execute more projects in the Libyan market and more significantly help enhance the technology transfer program that Taknia is implementing.”
Mohamed Jamaleddin, Chairman of the Operating Management Committee, Nafusah Oil Operations B.V. Libyan Branch, commented:
“To achieve first oil production by the end of 2016, Nafusah is looking forward to have this FEED project completed on schedule or even before in order to start the second phase of the project as early as possible in 2015.
“We trust that the in-depth technical expertise of the Foster Wheeler and Taknia joint venture will ensure the successful and safe delivery of a high quality project for Nafusah.”
Nafusah Oil Operations was formed as a joint operating company by PT Medco Energi Internasional, through its subsidiary Medco International Ventures Limited (MedcoEnergi), of Indonesia, with its partners, the National Oil Corporation of Libya and the Libyan Investment Authority. Nafusah Oil Operating Company will act as the operator for the development and production phases of Area 47.
(Source: Foster Wheeler)