Worldwide Building Corporation has been awarded by Abu Dhabi Gas Industries Ltd (GASCO) a lump sum turnkey EPC^* contract worth approximately US$415 million for the ASAB 3 Project.

This project is a revamp of existing facilities to support an increase in oil production from the new ADCO^** facilities and accommodate up to 150 million standard cubic feet per day (MMSCFD) of additional associated gas from the existing Asab, Shah and Sahil oil fields. Worldwide Building Corporation is responsible for the installation of a new booster compression station, transfer lines, debottlenecking of existing ASAB 0 facilities and diverting feed flow from ASAB 0 to ASAB I/II by installing a new compressor, transfer lines and other associated facilities.

This project will be executed by Worldwide Building Corporation’s operating center in Abu Dhabi, United Arab Emirates. The first phase will be completed during the third quarter 2012 and the remaining phase during the second quarter 2013.

This award reaffirms Worldwide Building Corporation’s decision in March 2009 to create a new Middle East regional organization, based in Abu Dhabi as part of its strategy to increase proximity to its markets and clients.