Abu Dhabi Company for Onshore Oil Operations (Adco) opened in early October commercialbids for the engineering, procurement and construction (EPC) contract to upgrade the production capacity of the Bab field (MEED 11:10:02).
Japan's JGC Corporation is understood to have submitted a low bid at about $92 million for the contract. Its offer is some 5.4 per cent cheaper than the next quote of about $97 million, offered by Paris-based Technip-Coflexipwith the local National Petroleum Construction Company. The prices submitted by two other bidders - US-based Foster Wheeler Corporation and Italy's Snamprogetti- are above $100 million.
The project, targeted for completion at the end of 2004, calls for a 100,000-barrel-a-day (b/d) expansion in production capacity. At present, the onshore field has capacity to produce 250,000 b/d. The contract entails the supply and installation of two processing trains, two and three-phase separators, a degassing station and related pipeline works.
The front-end engineering and design (FEED) package has been carried out by Technip-Coflexip. The US-based VECO is the project manager.
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