Abu Dhabi National Oil Company will invest $318 million (Dh1.16 billion) to connect newly drilled wells to production facilities at the Bu Hasa field to sustain capacity at the company’s largest onshore oil field.
The engineering, procurement and construction packages are awarded by the state oil company’s subsidiary, Adnoc Onshore. The first package is valued at $158.6m and was awarded to China Petroleum Pipeline Engineering. The second package worth $159.1m was awarded to Robt Stone. The contracts are valid for three years with an option to extend for two years.
“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,” said Adnoc upstream executive director Yaser Saeed Almazrouei.
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