A team of Paris-based Technip-Coflexipwith the local National Petroleum Construction Company (NPCC) is understood to have submitted on 10 March a further revised commercial price of about AED 2,231 million ($608 million) for the engineering, procurement and construction (EPC) contract on the Northeast Abu Dhabi (NEAD) project (MEED 7:2:03; 13:12:02).
The revised offer was submitted following a request from the client - Abu Dhabi Company for Onshore Oil Operations (Adco). The revised prices were submitted by four groups of companies by the 15 February bid submission deadline after bids came in above budget. The Technip/NPCC team had offered the low price of AED 2,250 million ($613 million) in the previous round of bidding (MEED 21:2:03).
Industry sources say that Adco is considering a re-tender of the EPC contract by splitting it into two or more packages.
The EPC contract covers the supply and installation of two oil processing trains, infield pipeline works, a pipeline to transport crude to Habshan and related works. The facilities will take 40-42 months to build. The project is aimed at increasing production from the onshore Rumaitha and Al-Dabbiyah fields to a sustainable capacity of 150,000 barrels a day (b/d) and a maximum level of 180,000 b/d.
The project management consultant is the US-based VECO.
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