Adnoc awards $324 million contracts to Galfar, Robt Stone
Contracts were awarded across several onshore oil fields in Abu Dhabi to enhance efficiencies and drive smart growth
FAbu Dhabi National Oil Company (Adnoc) said it has signed $324 million worth of contracts to optimise onshore field operations and enhance efficiencies as the group continues to invest responsibly to drive smart growth.
Adnoc Onshore, a subsidiary of Adnoc awarded two contracts for the procurement and construction of flowlines and wellhead installations across several onshore oil fields in Abu Dhabi. A third contract was also awarded for the engineering, procurement, and construction of a new bypass system to provide critical backup for existing crude receiving stations at the Jebel Dhanna and Fujairah export terminals.
Adnoc in its statement, said that 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.
It added that the procurement and construction deals have been split into two parts. The first part, valued at $71 million, will see Galfar Engineering & Contracting procure and construct flowlines and wellhead installations at the Adnoc Onshore Asab and Sahil fields.
Meanwhile, the second contract, valued at $168 million, has been awarded to Robt Stone, for which the contractor will procure and construct flowlines and wellhead installations for the Adnoc Onshore Bab field.
Both contracts are expected to be completed in five years.
Meanwhile, the third contract, valued at $84 million for EPC works have been awarded to Galfar, under which 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.
Omar Obaid Al Nasri, CEO of Adnoc Onshore, said: “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.”
Yaser Saeed Al-Mazrouei, chief executive director of Adnoc’s Upstream Directorate, said that these awards further highlight Adnoc’s drive to invest responsibly to unlock greater value from their assets and resources and build long-term resilience as they deliver the 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.
According to Adnoc, over 70% 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.
Al Nasri concluded: “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.”
