Operator waiting for shareholder approval before floating Nasr tender on two packages
Abu Dhabi Marine Operating Company (Adma-Opco) plans to tender its delayed Nasr offshore full-field development by the end of July, according to industry sources.
The oil producer was originally expected to tender phase two of the Nasr development in April this year, but the process has been delayed by several months.
Adma-Opco management must wait until its shareholders review the invitation to bid (ITB) and approve the prequalification of bidders before it floats the engineering, procurement and construction (EPC) tender, according to one source.
The company will carry out the phase two Nasr development with two EPC packages: platforms and pipelines.
Nasr phase one, the early production facilities, is currently under execution. The EPC contract was awarded to India-based contractor Larsen & Toubro in 2011.
Adma-Opco is majority-owned by the state-run Abu Dhabi National Oil Company (Adnoc), with minority stakes held by UK-based BP, Frances Total and Japan Oil Development Company (Jodco).
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