Local contracting company NMDC has won the $137m contract for construction of Al-Nouf artificial island in Abu Dhabi
Abu Dhabi National Oil Company (Adnoc) has awarded National Marine Dredging Company (NMDC) a contract for construction of Al-Nouf artificial island.
The value of the contract awarded by Adnoc is $136.78m, NMDC said in a filing with Abu Dhabi Securities Exchange (ADX), where it is listed.
NMDC did not provide other details about its contract.
The contract could be linked to the Al-Nouf seawater treatment plant and water collection and distribution network project, for which Adnoc and Abu Dhabi National Energy Company (Taqa) are expected to start the tendering process for in the second half of 2024.
Al-Nouf project is the second public-private partnership (PPP) phase of Project Wave, which will replace the current aquifer water injection systems used to maintain reservoir pressure in all onshore oil fields in Abu Dhabi.
Like the first-phase Mirfa seawater treatment plant, the Al-Nouf facility will be developed and maintained as a build-own-operate-transfer (BOOT) project.
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