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ADNOC to Upgrade Bab Onshore Field

Gasoil News - Published on Fri, 15 Nov 2019

Image Source: adnoc.
The Abu Dhabi National Oil Company announced a significant investment to upgrade its giant Bab onshore field, one of its largest onshore producing assets, located 160 kilometers southwest of Abu Dhabi city. The investment will re-energize ADNOC’s first field producing Murban grade crude to sustain long-term crude oil production capacity and reinforces ADNOC’s commitment to maximizing value from Abu Dhabi’s vast hydrocarbon resources as it delivers its 2030 smart growth strategy. The investment is valued at AED1.8 billion (USD 489 million), through an Engineering, Procurement and Construction contract that will achieve In-Country value in excess of 75 percent, underscoring ADNOC’s drive to enabling sustainable value for the United Arab Emirates and supporting the growth and diversification of the nation’s economy.

ADNOC Onshore, a subsidiary of ADNOC and the operator of the field, awarded the EPC contract to Archirodon Construction Overseas SA Co to build the facilities and infrastructure required to sustain long-term crude oil production capacity of the field at 485,000 barrels per day (bpd). The contract, which has a term of 39 months, was announced at the Abu Dhabi International Petroleum Exhibition and Conference.

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Posted By : Yogender Pancholi on Fri, 15 Nov 2019
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