Companies submit technical proposals for full field development contracts
Abu Dhabi Marine Operating Company (Adma-Opco) has received bids for two major packages on its offshore Umm al-Lulu and Satah al-Rasboot (Sarb) full field developments.
Contractors vying for the engineering, procurement and construction (EPC) contracts submitted technical bids on 17 July, which will be followed by commercial proposals later in the third quarter.
France’s Technip, Italy-based Saipem and South Korean groups Daewoo Shipbuilding & Marine Engineering Company (DSME), Hyundai Heavy Industries (HHI) and Samsung Engineering were among the EPC bidders for the second package of the Umm al-Lulu development. The contract includes the construction of platforms for processing, separation, utilities and accommodation.
Bids were also lodged for the fourth package of the Sarb full field development, which covers the construction of the project’s main processing plant. DSME, HHI, Saipem and Samsung were among the bidders.
The deadline for bids for both projects was delayed twice from 22 May and 19 June. Technical bids for the first package of Umm al-Lulu and the third package of Sarb were submitted in early June.
The deadline for commercial proposals on all four packages – estimated to total $1.95bn – has been delayed until after Ramadan, which is expected to end on 18 August.
The projects are part of Adma-Opco’s plan to add 300,000 barrels a day (b/d) of additional production from four new offshore fields, with about 100,000 b/d coming from both Umm al-Lulu and Sarb.
Adma-Opco is majority-owned by the state-run Abu Dhabi National Oil Company (Adnoc), with minority stakes held by UK-based BP, France’s Total and Japan Oil Development Company (Jodco).
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.