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United Arab Emirates : ADNOC Awards $1.65 Billion Contracts for the Construction of Offshore Facilities for the Dalma Gas Development Project
Publish Date : 24-Feb-2020
The Abu Dhabi National Oil Company (ADNOC) announced, the award of two contracts for the construction of offshore facilities for the Dalma Gas Development Project located about 190 kilometers northwest of Abu Dhabi city. The Dalma project is a key part of the Ghasha ultra-sour gas concession which is central to ADNOCs strategic objective of enabling gas self-sufficiency for the United Arab Emirates (UAE).
The two Engineering, Procurement and Construction (EPC) contracts have a total value of over $1.65 billion (AED 6.06 billion) and were awarded to Petrofac Emirates LLC (Petrofac) and a joint venture between Petrofac and Sapura Energy Berhad (Sapura Energy) through its subsidiarys branch office in Abu Dhabi. Both contracts are expected to be completed in 2022 and will enable the Dalma Gas Development project to produce around 340 million standard cubic feet per day (mmscfd) of natural gas. 70 percent of the total award value will flow into the UAEs economy under ADNOCs In-Country Value (ICV) program, reinforcing ADNOCs commitment to maximizing value for the UAE as it delivers its 2030 strategy.
Yaser Saeed Almazrouei, Executive Director of ADNOCs Upstream Directorate, said: This award marks another important milestone in the development of the Ghasha concession which is an integral component of our strategy to achieve gas self-sufficiency for the UAE. It demonstrates how ADNOC is effectively collaborating with strategic partners that can deploy state-of-the-art technologies and world-class expertise to accelerate the development of Abu Dhabis substantial gas resources.