Eight companies bid for $1bn-plus development of onshore oil fields in UAE
Abu Dhabi has received commercial engineering, procurement and construction (EPC) bids on the phase 3 development of its onshore Rumaitha and Shanayel oil fields, according to sources close to the bidding process.
The proposals were submitted to project operator Abu Dhabi Company for Onshore Oil Operations (Adco) on 19 November for the $1bn-plus project.
Companies submitting commercial proposals include:
- Daelim (South Korea)
- GS Engineering & Construction (South Korea)/Dodsal (UAE)
- Hyundai Engineering & Construction (South Korea)
- Petrofac (UK)
- Saipem (Italy)
- SK Engineering & Construction (South Korea)
- Technip (France)
- Tecnicas Reunidas (Spain)
Technical bids were submitted for the package in October. The deal is expected to be awarded in the first quarter of 2014 after Adco has assessed the proposals.
The Rumaitha and Shanayel fields form part of Adcos North East Bab asset, which is located 31 kilometres from Abu Dhabi city and also includes the Al-Dabbiya field.
North East Bab has the capacity to produce about 110,000 barrels a day (b/d) about 8 per cent of Adcos total production and this capacity is due to be doubled after the third-phase expansion projects completion.
The EPC package for the expansion of the Al-Dabbiya field is expected to be tendered in 2014.
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