Monday 30 November 2020
 
»
 
»
Story

Galfar, Robt Stone secure $324m Adnoc project deals

ABU DHABI, October 27, 2020

Abu Dhabi National Oil Company (Adnoc) said it has signed $324 million contracts to help optimise onshore field operations and enhance efficiencies as the group continues to invest responsibly to drive smart growth.
 
These contracts were awarded to leading Omani group Galfar Engineering and Contracting and UAE-based Robt Stone by its subsidiary Adnoc Onshore which will see the procurement and construction (PC) of flowlines and wellhead installations across several onshore oil fields in Abu Dhabi. 
 
It also includes the engineering, procurement, and construction of a new bypass system to provide critical backup for the existing crude receiving stations at the Jebel Dhanna and Fujairah export terminals.
 
According to Adnoc, over 70 percent of the combined award value will flow back into the UAE's economy under its In-Country Value (ICV) programme, reinforcing the Abu Dhabi group’s commitment to maximising value for the nation.
 
On the new contracts, the Abu Dhabi group said the two PC deals awarded for flowlines and wellheads have been split into two parts. The first one, valued at $71 million, will see Galfar Engineering & Contracting (WLL - Emirates) procure and construct flowlines and wellhead installations at the Adnoc Onshore Asab and Sahil fields.
 
The second contract, valued at $168 million, has been awarded to Robt Stone (Middle East LLC). For this one, tThe contractor will procure and construct flowlines and wellhead installations for the Adnoc Onshore Bab field.
 
The scope of work includes residual engineering, procurement, construction, pre-commissioning, and commissioning of natural oil producer wells and water injection wells at the respective fields. Both contracts are expected to be completed in five years.
 
The third contract worth $84 million, related to EPC works, has been awarded to Galfar. under this deal, it will create a new bypass system to provide critical backup for Adnoc Onshore’s existing crude receiving stations at the Jebel Dhanna and Fujairah export terminals. The project is expected to be completed in 30 months.
 
Yaser Saeed Almazrouei, Executive Director of Adnoc’s Upstream Directorate, said: "These awards further highlight Adnoc’s drive to invest responsibly to unlock greater value from our assets and resources and build long-term resilience as we deliver our 2030 strategy."
 
"The contracts follow a competitive tender process that ensures that substantial value will flow back into the UAE through our ICV programme, reinforcing Adnoc’s commitment to supporting local business and stimulating the growth and diversification of the nation’s economy," he added.
 
Adnoc Onshore Omar Obaid Al Nasri said: "These contracts build on the momentum of our recent awards for upgrades on the Jebel Dhanna terminal and underline our commitment to unlocking the full potential of our assets and fields to deliver increased value for our shareholders and contribute to Adnoc’s objective to create a more profitable upstream business."
 
"The award for flowlines and wellhead installations will help sustain long-term production at our Bab, Asab, and Sahil fields while the award for the bypass system will provide critical backup for the existing crude receiving station connecting our fields and export terminals, to ensure business continuity and resilience," he added.-TradeArabia News Service



Tags:

More Construction & Real Estate Stories

calendarCalendar of Events

Ads