Petroleum Review; 12-1-2022
Abu Dhabi National Oil Company (ADNOC) has awarded a $946mn engineering, procurement and construction (EPC) contract for the strategic long-term development of its Umm Shaif field. The investment supports ADNOC’s 5mn b/d by 2030 oil production capacity plans while ensuring energy security for the United Arab Emirates (UAE).
The National Petroleum Construction Company (NPCC) contract covers engineering, procurement, fabrication, installation and commissioning activities required to maintain Umm Shaif’s 275,000 b/d crude oil production capacity, increase efficiencies and enhance the field’s long-term potential.
Over 75% of the total award value will flow back into the UAE economy under ADNOC’s In-Country Value (ICV) programme, supporting the UAE’s ‘Principles of the 50’, the government’s economic blueprint for sustainable growth announced in 2021.
The offshore Umm Shaif field celebrates its 60th year of oil exports this year, having first exported oil in July 1962.
Umm Shaif field
Photo: ADNOC
