Adnoc clears Dhs2.73 billion deal for Belbazem Offshore Block

Adnoc clears Dhs2.73 billion deal for Belbazem Offshore Block
7 hours ago
Picture used for illustrative purpose.
The Abu Dhabi National Oil Company (Adnoc) on Tuesday announced the award of a Dhs2.73 billion ($744 million) contract for the full field development of the Belbazem Offshore Block, underscoring its drive to unlock and maximise value from all of Abu Dhabi’s fields as it expands its oil production capacity to 5 million barrels per day (mmbpd) by 2030.
Located 120 kilometres northwest of Abu Dhabi city, the Belbazem Block consists of three so-called marginal offshore fields; Belbazem, Umm Al Salsal, and Umm Al Dholou.
Al Yasat Petroleum Operations Company (Al Yasat), Adnoc’s subsidiary and joint venture (JV) with China National Petroleum Corporation (CNPC) awarded the engineering, procurement and construction (EPC) contract to the National Petroleum Construction Company (NPCC).

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