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A significant contract award puts Abu Dhabi on target to expand oil production capacity, undeterred by market forces. Though the oil-rich emirate has yet to finalize the structure of the renewed Adco onshore oil concession, state oil firm Adnoc isn’t waiting for new international partners before it takes action.
Adco this week awarded a $2.25bn engineering, procurement and construction (EPC) contract to Italian engineering firm Maire Tecnimont for work to be conducted at the Dabbiya field, part of the North East Bab (NEB) cluster of oil fields. Maire Tecnimont will develop a crude gathering system, a processing plant as well as a network of associated pipelines. Dabbiya, which lies in shallow waters, is one of three producing fields within the wider NEB cluster, which combined make up about 8% of Adco’s 1.6mn b/d output. (CONTINUED - 782 WORDS)