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Samsung Engineering has been awarded a contract by ENI for Zubair oilfield development in Iraq, the Korean company said.

The value for the  North New de-gassing station facility contract is $840 million.

Samsung will carry out engineering, procurement, construction and pre-commissioning on a lump-sum turnkey basis to build an oil and gas separation plant.

The plant located in the Basrah region of Iraq, south-west of Baghdad is estimated to have a capacity of 200,000 bpd.

Expected completion date of the project is 2016.

Eni holds 32.8% of the development, and is the operator. Occidental Petroleum holds 23.4%, Korea Gas holds 18.8%, and Iraq’s state-run Missan Oil holds 25%.