- Technical bids submitted in early 2015
- Adoc awarded contract to develop field in 2012
- Rare non-Adnoc oil development in Abu Dhabi
Abu Dhabi Oil Company (Adoc), a Japanese-owned offshore operator, has invited companies to submit commercial bids on the development of the offshore Hail field.
Contractors have been asked to submit commercial engineering, procurement and construction (EPC) in May after technical bids were submitted earlier in the year.
The offshore oil field is located adjacent to Adocs existing operating fields and includes undeveloped reservoirs, with the maximum oil production from these reservoirs anticipated to be similar to the current production rate of the existing oil fields.
Frances Technip was appointed to carry out the front-end engineering and design (feed) study on the project, which was completed in late 2014, according to a source familiar with the project.
Adoc is Abu Dhabis largest oil producer which is not owned by state-run Abu Dhabi National Oil Company (Adnoc). It operates the Mubarraz, Umm al-Anbar and Neewat al-Ghalan fields, which are estimated to produce about 24,000 barrels a day (b/d).
Adoc was awarded a contract in 2011 to develop the Hail fields oil potential, adding it to the 30-year concession agreement for the three existing fields from the end of 2012.
Adoc is 62.2 per cent owned by Japanese oil refinery Cosmo, with smaller stakes owned by other Japanese energy groups.