HBP Won Bid of 1 Billion EPC Contract Project



On August 17, HBP and OPIC AFRICA Corporation Chad Branch (hereinafter referred to as OPIC) signed the general contract for the project of the BOC III field ground system EPCIC of Chad OPYX oil field, with the contract value of USD148,558,000.

OPIC is a wholly-owned subsidiary of CPC Taiwan. CPC has three blocks in Chad, respectively BCO III, BCS II and BLT I. The three oil and gas blocks are the best upstream resources that CPC has obtained overseas in recent years, with a total proven reserves of 105.79 million barrels and an estimated oil resource of 3.3 billion barrels.

HBP won BCO III block ground system design, procurement, construction and installation the contractor project. After the project is launched, some of its products will be consumed in the local market, easing the energy tension in Chad's market.

The successful bidding of this project will lay a good foundation for the company to further develop the international market, and also make a solid step towards the goal of HBP to become a world-class oil and gas field engineering service provider.

 

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