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8/1/2013 12:00:00 AM

Daewoo Engineering and Construction has been awarded an EPC contract to upgrade the Akkas gas field in western Iraq according to Dow Jones.The South Korean company is said to have completed the project worth US$708.6 million within 46 months, the newswire said citing a statement released by Iraq’s cabinet.According to the statement Daewoo will commission a central processing facility at the field which is in the Anbar province of Iraq. The field lies near

the border with Syria.
Korea’s Kogas is developing the Akkas field, which holds an estimated 5.6 Tcf of gas. In April gunmen attackedfacilities on the field killing three people before abducting two workers and setting their camp alight. At the time,the field was still not producing any gas.The attack was thought to be a result of the increasing amount of armed groupactivity in the region as a result of the war in neighbouring Syria.