Abu Dhabi National Oil Company (Adnoc) has made two billion dollar awards this weekend for development of the, Sahil, Shah and Ahav fields, in a bid to boost production over the next ten years.
Sharjah-based Petrofac bagged a $2.3 billion contract for the development of the onshore Asab oil field.
Under the 44-month lump-sum contract, Petrofac will provide engineering, procurement and construction services to upgrade the production capacity of the Asab field.
In addition to the production capacity upgrade of Asab, Petrofac’s scope includes upgrading the facility’s capacity to handle more production from Sahil, Shah and other south east fields and to upgrade the associated utilities and water handling facilities.
Meanwhile Adnoc’s onshore unit Adco, awarded a 4.4 billion dirham ($1.20 billion) contract to Spain’s Tecnicas Reunidas and a partner, Reuter quoted United Arab Emirates state news agency WAM as reporting on Sunday.
Adco, signed a lump-sum EPC contract with Tecnicas Reunidas and Athens-based Consolidated Contractors International Company to develop the Sahil and Shah fields, WAM said.
The three fields make up what is known as the SAS development plan, to add 60,000 barrels per day to Adco’s capacity of about 1.4 million bpd.
The increase is the largest part of a wider plan for the UAE boost crude capacity to 3.5 million bpd, up from 2.8 million bpd.
Adco plans to boost output by about 400,000 bpd to 1.8 million bpd over the next 10 years.
(Upstream Online)