The National Petroleum Construction Co. has been awarded a contract to deliver engineering, procurement, construction, and commissioning activities for the offshore facilities required to enable full production capacity of 45 000 bpd of light crude.
ADNOC awards $744 million EPC contract for Belbazem Offshore Block field development 5/25/2021
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Abu Dhabi, UAE â ADNOC announced the award of a $744 million (AED2.73 billion) contract for the full field development of the Belbazem Offshore Block, underscoring its drive to unlock and maximize value from all of Abu Dhabiâs fields as it expands its oil production capacity to 5 million barrels per day by 2030. Located 120 kilometers 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 Ltd (Al Yasat), ADNOCâs subsidiary and joint venture with China National Petroleum Corporation (CNPC), awarded the engineering, procurement and construction (EPC) contract to the National Petroleum Construction Company (NPCC). ADNOC and CNPC hold 60% and 40% stakes in Al Yasat respectively, underp
DUBAI: The Abu Dhabi National Oil Company (ADNOC) has awarded a $744 million contract for the full field development of the Belbazem Offshore Block as it expands its production capacity to 5 million barrels per day (bpd) by 2030.
Located 120 kilometers northwest of Abu Dhabi city, the Belbazem Block consists of three marginal offshore fields; Belbazem, Umm Al Salsal, and Umm Al Dholou.
ADNOC unit Al Yasat Petroleum Operations Company and joint venture with China National Petroleum Corporation awarded the engineering, procurement and construction contract to the National Petroleum Construction Company (NPCC).
ADNOC and CNPC hold 60 percent and 40 percent stakes in Al Yasat respectively.
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).