Abu Dhabi Marine Operating Company (Adma-Opco) has received commercial bids for the second package of its Satah al-Razboot (Sarb) offshore oil field development, according to sources close to the bidding process.
The package covers the construction of accommodation buildings, administration buildings and associated facilities on two artificial islands being built as part of the project.
UAE-based Habtoor Leighton Group and Target Engineering were among the companies that submitted commercial bids for the engineering, procurement and construction (EPC) package on 1 April. Contractors submitted technical bids in September 2012.
The deal is likely to be the third major EPC contract awarded on the Sarb full-field development this year. Adma-Opco has already awarded package three to UK-based Petrofac and package four to South Korea’s Hyundai E&C for a combined value of about $2.4bn.
The project is part of Adma-Opco’s plan to add 300,000 barrels a day (b/d) of production capacity from new offshore fields, with about 100,000 b/d coming from Sarb, which is located 120 kilometres to the northwest of Abu Dhabi city.
Adma-Opco is majority-owned by Abu Dhabi National Oil Company (Adnoc), with minority stakes held by the UK’s BP, France’s Total and Japan Oil Development Company (Jodco).