Petrofac Bags $1.6B Contracts for Mega Project | Rigzone
Petrofac Emirates revealed Tuesday that it has been awarded two contracts by Abu Dhabi National Oil Company (ADNOC) worth a total of around $1.65 billion.
The engineering, procurement, construction, transportation, offshore installation and commissioning contracts are for ADNOC’s Dalma Gas Development Project, which Petrofac has labeled a “mega project”.
The first package, valued at $1.065 billion, is for gas processing facilities at Arzanah island. Under the terms of the 33-month lump-sum contract awarded to Petrofac, the scope of work includes inlet facilities with gas processing and compression units, power generation units, utilities and other associated infrastructure.
For the second package, valued at $591 million, Petrofac is leading a joint venture with SapuraKencana HL Sdn. Bhd. Abu Dhabi. Under the terms of the 30-month lump-sum contract, the scope of work includes three new well-head platforms, removal and replacement of an existing topside, new pipelines, subsea umbilicals, composite and fibre optic cables.
“Petrofac has a strong track record in the UAE, with a presence here since 1991 and around 3,000 staff in country,” George Salibi, Petrofac’s chief operating officer of engineering and construction, said in a company statement.
“We are fully committed to supporting continued and sustainable investment in Abu Dhabi’s oil and gas industry through our strategic focus on maximizing local delivery and are pleased that our approach will generate substantial In-Country Value for the local economy,” he added.
“These latest contract awards build on our existing relationship with ADNOC Group companies and we look forward to delivering this mega project in a safe, successful and sustainable manner,” he continued.
Yaser Saeed Almazrouei, executive director of ADNOC’s 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 Dhabi’s substantial gas resources,” he added.
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