[ad_1]
In a joint statement issued on Wednesday, ADNOC and Abu Dhabi National Energy Company PJSC (TAQA) announced the award of a “strategic investment project” estimated to be worth up to US$2.4 billion (AED8.8 billion) to provide ADNOC with a sustainable water supply onshore Operation.
The project will develop a centralized “world-class” seawater treatment facility and transportation network for the operation of Abu Dhabi’s Bab and Bu Hasa oil fields, the statement revealed, adding that the project will replace the current high-salinity deep aquifer water system in oil fields, “thus reducing energy consumption associated with water injection by up to 30 percent”.
According to the statement, the project will transport more than 110 million imperial gallons of nano-filtered seawater per day through 75 kilometers of transportation and more than 230 kilometers of distribution pipelines and two pumping stations. The statement emphasized that it will be connected to the grid and will generate 100% of its electricity from clean energy sources.
The statement outlines that ADNOC and TAQA will each hold 25.5% of the “Project Company”, with the remaining 49% being awarded to a consortium comprising Orascom Construction and Metito. The statement noted that the consortium will arrange project financing for the construction phase, develop the project on a build, own, operate and transfer basis, and return the entire project to ADNOC after 30 years of operation.
“We are delighted to be working with TAQA and other industry leaders on this strategic project that will reduce our environmental footprint and unlock significant value as we continue to decarbonize and future-proof our operations,” Abdulmunim Al ADNOC, Executive Director Upstream Kindy said in a statement. Company statement.
“The project will improve our onshore energy efficiency by replacing less efficient high-salinity deep aquifer water systems with centralized seawater treatment facilities and transport networks,” he added.
“With a substantial portion of the project’s value repatriated to the UAE economy, this landmark initiative will further stimulate economic and industrial growth and create business opportunities for the private sector, in line with the wise directives of the UAE leadership,” he continued .
Jasim Husain Thabet, Group CEO and Managing Director of TAQA, said, “As a champion of low-carbon electricity and water, TAQA is delighted to partner with ADNOC again, this time by providing ADNOC with treated seawater for its onshore operations. Sustainable Development Goals for the UAE”.
“As a major utility company, TAQA is particularly committed to creating partnerships like this, using our expertise to help advance environmental stewardship while maintaining water security and supporting economic growth,” Thabet added.
competition process
Back in March 2021, ADNOC announced the launch of a competitive process to find and select a developer or consortium of developers to own an equity interest in a special purpose vehicle to participate in the development of a large seawater treatment and transmission pipeline project in the Emirate of Abu Dhabi .
ADNOC noted at the time that the project would replace the aquifer water injection system currently used to maintain reservoir pressure in all of Abu Dhabi’s onshore fields.
It also said in 2021 that the project would include the development, financing, construction, operation, maintenance and ownership of two separate new-build seawater nanofiltration plants with a combined capacity of approximately 210 million imperial gallons per day, as well as pumping stations and delivery pipelines Transport the treated water to onshore oil fields.
green theme
Earlier this month, ADNOC announced the launch of a global competition called the Decarbonization Technology Challenge to “find innovations that can reshape the global energy landscape”.
With support from Amazon Web Services, BP, Hub71 and Net Zero Technology Center, this challenge supports ADNOC’s strategy of convening cross-sector partners to find fresh and meaningful solutions to accelerate a responsible energy transition. its website.
Also in May, ADNOC announced an agreement with Baker Hughes to accelerate the development and commercialization of green and low-carbon hydrogen and graphene technology solutions. ADNOC stressed that the agreement follows the strategic technical cooperation agreement signed by the two companies in November 2022.
That same month, ADNOC revealed that its “world-class” low-carbon LNG growth project would advance at the Al Ruwais Industrial City in Al Dhafrah, Abu Dhabi. Through its planned LNG Growth Project, ADNOC said it intends to more than double its LNG capacity to meet growing global demand for natural gas.
To contact the author please email andreas.exarheas@rigzone.com
[ad_2]
Source link