Adnoc has awarded $324 million worth of contracts to optimise field operations and enhance efficiency.
Adnoc Onshore has awarded three contracts to Galfar Engineering and Contracting and Robt Stone. More than 70% of the value will flow back into the United Arab Emirates under its in-country value (ICV) programme.
The work covers procurement and construction of flowlines and wellhead installations across a number of oil fields in Abu Dhabi. They also include engineering, procurement and construction (EPC) of a new bypass system, which would provide a backup to existing crude receiving stations at the Jebel Dhanna and Fujairah terminals.
“The contracts follow a competitive tender process that ensures that substantial value will flow back into the UAE through our ICV programme, reinforcing ADNOC’s commitment to supporting local business and stimulating the growth and diversification of the nation’s economy,” said Adnoc Upstream’s executive director Yaser Saeed Almazrouei.
The two winning companies prioritised local sources for materials, supplies and workforce, Adnoc said.
Adnoc Onshore’s CEO Omar Obaid Al Nasri said the awards followed the recent work agreed on the Jebel Dhanna terminal. The contracts “underline our commitment to unlocking the full potential of our assets and fields to deliver increased value for our shareholders and contribute to Adnoc’s objective to create a more profitable upstream business.
“The award for flowlines and wellhead installations will help sustain long-term production at our Bab, Asab, and Sahil fields while the award for the bypass system will provide critical backup for the existing crude receiving station connecting our fields and export terminals, to ensure business continuity and resilience.”
Galfar won two contracts. The first was worth $71mn and covers flowlines and wellhead work at the Asab and Sahil fields. Its second was the EPC work for the bypass systems at the two export terminals, worth $84mn.
Robt Stone won a $168mn contract for flowlines and wellhead work on the onshore Bab field.
The companies should complete the field works within five years, Adnoc said. The bypass work should take 30 months.