Abu Dhabi Company for Onshore Petroleum Operations (Adco) has extended the deadline for bids on its project to install facilities at the Bab oil and gas field, according to sources familiar with the scheme.
Adco invited companies to submit engineering, procurement and construction (EPC) bids on the project on 22 December. The deadline for technical bids has been extended to 14 March from 14 February, while commercial bids are expected to be submitted in May.
Adco re-tendered the Bab Integrated Facilities Expansion scheme a year after cancelling a previous tender on the project. The new tender is thought to have a reduced scope of works and the estimated budget has been reduced from $3bn to around $2bn, sources told MEED.
Companies prequalified to bid on the new tender are understood to include:
- GS Engineering & Construction (South Korea)
- Hyundai Engineering & Construction (South Korea)
- Intecsa (Spain)
- JGC (Japan)
- Petrofac (UK)
- Saipem (Italy)
- Samsung Engineering (South Korea)
- SK Engineering & Construction (South Korea)
- Tecnicas Reunidas (Spain)
Adco is a joint venture of state-owned Abu Dhabi National Oil Company, Frances Total (10 per cent), UK-based BP (10 per cent) Japans Inpex (5 per cent) and South Koreas GS Energy (3 per cent). The onshore operator is expected to award more stakes to bring the interest held by international oil companies to a total of 40 per cent.