The Abu Dhabi National Oil Company (ADNOC) has invested up to $318 million to connect newly drilled smart wells to the main production facilities at Bu Hasa, which allows the company’s largest onshore asset to maintain a production capacity of 650,000 barrels per day (bbls/d), according to ADNOC’s press release.
The engineering, procurement, and construction (EPC) contract has been awarded in two packages by ADNOC’s subsidiary, ADNOC Onshore. The first package is valued at $158.6 million and has been awarded to China Petroleum Pipeline Engineering Co. Ltd, while the second package worth $159.1 million and has been awarded to Robt Stone (ME) LLC. The contracts’ duration is three years, with an option of a two-year extension.
Yaser Saeed Almazrouei, ADNOC Upstream Executive Director, stated that “This EPC award demonstrates how ADNOC is leveraging advanced technologies, such as smart wells with state-of-the-art remote capabilities, to drive higher performance from our assets and resources, and to generate additional value.”
“The award underpins our strategic objectives to expand production capacity and create a more profitable upstream business with over half of the contract value flowing back into the UAE’s economy, supporting local businesses and stimulating economic growth.” He added.
The EPC award follows a competitive tender process and will see more than 50% of the total value of both awards flow back into the UAE economy under Adnoc’s In-Country Value (ICV) program. Additionally, The EPC contract will see up to 260 conventional and non-conventional smart wells installed, which allows remote operations.