Al Yasat Petroleum Company has awarded a Front End Engineering Design (FEED) services contract to the National Petroleum Construction Company (NPCC) and its joint venture (JV) partner Petrofac for the Belbazem Block Development Project, located offshore Abu Dhabi, according to a press release.
Under the contract, a FEED package will be provided for the development of the project, as well as a proposal for the engineering, procurement, construction and installation (EPCI) of the facilities, with the execution of the EPCI work to be awarded on a design competition basis.
Moreover, NPCC renewed its commitment to support ADNOC’s ambitions to raise its production capacity from 4 million barrels per day (b/d) by the end of 2020 to 5 million barrels b/d by 2030, according to the CEO of NPCC, Ahmed Al Dhaheri.
NPCC was established in 1973 and is owned by Senaat, an Abu Dhabi Government Holding Company, and Consolidated Contractors Group (CCC). Meanwhile, Al Yasat Petroleum Company is a JV between the Abu Dhabi National Oil Company (ADNOC) and China National Petroleum Corporation (CNPC).