United Arab Emirates Procurement News Notice - 32690

Procurement News Notice

PNN 32690
Work Detail Te´cnicas Reunidas, Spain and its Emirati partner Target were awarded a contract by Abu Dhabi National Oil Company (ADNOC) related to the Dalma Gas Development Project being carried out by an association of companies led by the ADNOC off the northwest coast of the UAE. The award is part of the Ghasha concession, the world’s largest offshore sour gas development. Stakeholders in the Ghasha Concession comprise ADNOC (55%), Italy’s ENI (25%), Germany’s Wintershall (10%), Austria’s OMV (5%) and Russia’s Lukoil (5%). The award was signed today by ADNOC’s Upstream Executive Director, Mr. Yaser Saeed Almazrouei, within the framework of ADIPEC (Abu Dhabi International Petroleum Exhibition & Conference). The Ghasha Concession: The Ghasha field consists of several fields with significant gas reserves still in the development phase (Hail, Ghasha, Hair Dalma, Satah, Bu Haseer, Nasr, SARB, Shuwaihat and Mubarraz fields), which have been identified by ADNOC in the northwest of the country. The contract is expected to be completed in 2025 and will enable the Dalma field to produce around 340 million standard cubic feet per day (mmscfd) of natural gas an amount equivalent to 11% of Spain’s annual natural gas consumption. The offshore Dalma field is located 190kilometers northwest of the Emirate of Abu Dhabi. The natural gas produced will be an important driver to enable gas self-sufficiency for the UAE. The contract awarded to Te´cnicas Reunidas and Target The amount of the contract obtained by Te´cnicas Reunidas and its local partner Target is around 950 million dollars. Of this amount, $510 million corresponds to Te´cnicas Reunidas. This is an EPC (Engineering, Procurement and Construction) contract covers the engineering, procurement and construction of gas conditioning facilities for gas dehydration, compression and associated utilities on Arzanah Island located 80 kilometers from Abu Dhabi.
Country United Arab Emirates , Western Asia
Industry Oil & Gas
Entry Date 22 Nov 2021
Source https://www.saudigulfprojects.com/2021/11/tecnicas-reunidas-awarded-510m-contract-in-uae/

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