Abu Dhabi National Oil Company (ADNOC) Onshore announced in a statement that it has awarded an EPC contract to unlock further production capacity of Asab field, one of ADNOC’s largest oil fields.
The value of the contract is $173 million.
The contract has been awarded to Archirodon Construction (Overseas) Company Limited.
The improvement will result in a 12% capacity increase of Abu Dhabi’s premium-grade Murban crude from Asab field.
Additionally, the project will boost the handling capacity of the Asab Central Degassing Station, which serves as the central processing hub for ADNOC Onshore’s South East and Haliba fields while allowing ADNOC Onshore to support the production evaluation of nearby exploration blocks.
This work further supports our advantage of providing some of the world’s most cost-efficient, lower-carbon crude, as we continue to accelerate towards an oil production capacity of 5 million barrels per day by 2030.
The three-year project, awarded by ADNOC Onshore will return nearly 70% of the value of the award to the UAE’s economy under our flagship In-Country Value program, statement mentioned.
