Adnoc invests $318 million to connect smart wells at Bu Hasa
18 May 2021
The EPC contract has been awarded in two packages by Adnoc’s subsidiary, Adnoc Onshore.
The Abu Dhabi National Oil Company (Adnoc), announced on Tuesday an investment of up to $318 million (Dhs1.16 billion) to connect newly drilled smart wells to the main production facilities at Bu Hasa, which will sustain production capacity of 650,000 barrels per day (bpd) at Adnoc’s largest onshore asset.
The engineering, procurement and construction (EPC) contract has been awarded in two packages by Adnoc’s subsidiary, Adnoc Onshore. Package 1 is valued at up to $158.6 million (Dhs582 million) and has been awarded to China Petroleum Pipeline Engineering Co. Ltd, while Package 2, with a value of up to $159.1 million (Dhs583.9 million) has been awarded to Robt Stone (ME) LLC. The duration of the contracts is three years, with the option of a two-year extension.