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The Abu Dhabi National Oil Company (Adnoc) has awarded a US$548 million engineering, procurement and construction (EPC) contract to the National Petroleum Construction Company (NPCC) to build a gas pipeline at its Lower Zakum Offshore Field.
WAM reports that the award will increase the gas production capacity of the Lower Zakum field from 430 million standard cubic feet per day (mmscfd) to 700 million standard cubic feet per day (mmscfd), supporting Adnoc in achieving gas self-sufficiency in the UAE and meeting the growing demand for gas. Global energy demand plan.
The project will be completed in 2025 and will build a new subsea pipeline from the Zakum West Super Complex to Das Island, 85km in length. It also includes provisions for the construction, installation and testing of new platforms at the super complex and a new gas receiving facility at Das Island.
competitive bidding process
Adnoc Offshore awarded the contract to NPCC after a competitive bidding process. Under Adnoc’s Domestic Value (ICV) scheme, more than 75% of the award value will flow back to the UAE economy, and the contractor will create jobs for UAE nationals, giving them a real opportunity to execute EPC contracts.
As the field’s oil production capacity increases to 450,000 barrels of oil per day by 2025, the new pipeline will meet the increased demand for associated gas produced by the Lower Zakum field.
Yaser Saeed Almazrouei, Adnoc Upstream Executive Director, said: “This contract award will enable us to produce more gas as we ramp up production capacity in the Lower Zakum field. This will support our integrated gas master plan, which is driving Competitive gas recovery to achieve gas self-sufficiency.” – Sufficient energy for the UAE and industrial growth, while also helping to meet the growing global demand for energy. The project, which generated more than 75% of the domestic value in the award, will further stimulate economic growth and create opportunities for the private sector, in line with the wise directives of the UAE leaders. “
strategic assets
Ahmad Saqer Al Suwaidi, Chief Executive Officer of Adnoc Offshore, said: “Lower Zakum is a strategic asset for Adnoc and the UAE, and in collaboration with our international partners, we will continue to responsibly unlock value in the field and in line with Adnoc’s 2030 Smart Growth Achieving maximum value” The award is an important part of a long-term development plan for the field and will help strengthen Adnoc’s position as the leading low-cost and low-carbon energy provider to customers around the world. “
Adnoc’s gas master plan links every part of the gas value chain to further unlock Abu Dhabi’s rich gas reserves for domestic gas self-sufficiency, industrial growth and diversification, and to meet growing global gas demand. Natural gas is playing an increasingly important role as a feedstock and fuel in the energy transition because it burns significantly less carbon-intensive than coal.
With this award, Adnoc Offshore and its strategic international partners have invested more than US$5 billion in the long-term development of Abu Dhabi’s offshore business in recent weeks. These awards include contracts worth more than $3.4 billion to Adnoc Drilling to accelerate offshore growth activities, and $1.1 billion to Adnoc Logistics and Services to strengthen offshore operations. arab trade news agency
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