New prices due for Abu Dhabi oil project

10 February 2003
Abu Dhabi Company for Onshore Oil Operations (Adco)has invited four groups of companies to submit revised commercial prices by 15 February for the Northeast Abu Dhabi (NEAD) project (MEED 31:1:03).

The bidders are: Paris-based Technip-Coflexip, with the local National Petroleum Construction Company (NPCC); Chiyoda Corporation of Japan; France's Bouygues Offshore,now part ofItaly's Saipem; and Snamprogetti of Italy.

Revised prices were invited after bids submitted in late-December were significantly above budget. In the original round of bidding, the Technip/NPCC team submitted a low offer of about AED 2,250 million ($613 million - MEED 3:1:03).

The 40-42-month contract will cover the supply and installation of two crude oil processing trains, in-field pipeline works, the installation of a pipeline to transport crude to Habshan and related facilities.

The NEAD project involves increasing oil production from the onshore Rumaitha and Al-Dabbiyah fields to a sustainable capacity of 150,000 barrels a day (b/d) and a maximum level of 180,000 b/d. The two fields currently produce 15,000-20,000 b/d.

The front-end engineering and design (FEED) package for the scheme has been carried out by Technip-Coflexip. The project manager is the US-based VECO.

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.

Get Notifications