Petrofac Bags $1.65bn in UAE Contracts
Petrofac has secured $1.65bn in contracts from Abu Dhabi National Oil Co. (Adnoc) for engineering work at the offshore Dalma gas project in the UAE, the UK company announced on February 18. The two contracts cover engineering, procurement, construction, transportation, offshore installation and commissioning work at Arzanah island and surrounding offshore fields.
The first, worth $1.065bn, is a 33-month lump-sum contract for gas processing facilities at Arzanah, including gas inlet, processing and compression units, power generation units, utilities and other infrastructure, Petrofac said. The second, valued at $591mn, was awarded to Petrofac's joint venture with Malaysia's SapuraKencana and is a 30-month lump-sum contract. Its scope includes three new well-head platforms, the removal and replacement of an existing topside, new pipelines, subsea umbilicals and composite and fibre optic cables.
Dalma is within the Ghasha ultra-sour gas concession, a project which the UAE is banking on to help achieve its goal of becoming gas self-sufficient. The Gulf state currently supplements domestic gas supply with imports from Qatar. In October last year Russia's Lukoil took a 5% stake in Ghasha, which consists of nine undeveloped fields expected to flow more than 40mn m3/day of gas and 120,000 b/day of liquids.