Petrofac Unit Wins $1.65-Billion Contracts for ADNOC’s Dalma Gas Project
International oilfield services provider Petrofac announced on Tuesday that its Petrofac Emirates unit was awarded two contracts worth approximately $1.65 billion with Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates.
Petrofac said the engineering, procurement (including novated long-lead items), construction, transportation, offshore installation, and commissioning contracts are for ADNOC’s Dalma Gas Development Project. The Dalma project is a key part of the Ghasha ultra-sour gas concession which is central to ADNOC’s strategic objective of enabling gas self-sufficiency for the UAE.
"Petrofac has a strong track record in the UAE, with a presence here since 1991 and around 3,000 staff in country,” said George Salibi, Petrofac’s chief operating officer of engineering & construction. “These latest contract awards build on our existing relationship with ADNOC Group companies and we look forward to delivering this megaproject in a safe, successful, and sustainable manner."”
The work scope encompasses offshore packages at Arzanah island and surrounding offshore fields, located around 140 km off the north-west coast of the Emirate of Abu Dhabi.
The first contract, valued at $1.065 billion, is for gas processing facilities at Arzanah island. Petrofac said 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.
In the second contract, 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 work scope includes three new wellhead platforms, removal and replacement of an existing topside, new pipelines, subsea umbilicals, composite and fiber-optic cables.
Petrofac Emirates, formed in 2008, is a 75-25 joint venture between Petrofac and Nama Project Services LLC.
Oil-Production Costs Reach New Lows, Making Deepwater One of the Cheapest Sources of Novel Supply
In an updated projection, Rystad said that a breakeven of only $50/bbl is needed to produce 100 million BOPD in 2025, reflecting the reduction in oil-production costs.
TechnipFMC Joins Breidablikk Development With EPCI contract
The EPCI contract for the Breidablikk development includes provision of flexible jumpers and rigid pipelines as well as pipeline installation work. About 70% of the value creation in the Breidablikk development phase is expected to go to Norwegian companies.
Equinor Awards Wood $75-Million Contract To Support Mariner Field Development
The latest agreement between Wood and Equinor will begin January 2021. The contract follows recent agreements between the two companies for the Breidablikk development in the Norwegian Continental Shelf.
Don't miss out on the latest technology delivered to your email every two weeks. Sign up for the OGF newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
08 October 2020
09 October 2020
09 October 2020