Prices submitted for Haliba oil field development

30 March 2017

Several companies are vying to construct South-Korea-backed Abu Dhabi onshore project

Several companies have submitted commercial bids for the development of the Haliba onshore field in Abu Dhabi, according to sources familiar with the project.

Project owner Al-Dhafra Petroleum Operations Company received commercial engineering, procurement and construction (EPC) bids on 26 March after an extension to a previous deadline.

According to sources, the following companies are among those submitting commercial bids:

  • ABB (Switzerland)
  • China Petroleum Engineering & Construction Corporation (CPECC; China) / Technip (France)
  • Larsen & Toubro (India)
  • Tecnimont (Italy)

Al-Dhafra Petroleum will now assess the bids and is expected to award the EPC contract in the coming months.

Al-Dhafra Petroleum is 60 per cent owned by Abu Dhabi National Oil Company (Adnoc), with a 40 per cent stake held by South Korea’s Korea National Oil Corporation (Knoc) and GS Energy.

A 30-year deal was signed in March 2012, giving Al-Dhafra Petroleum the rights to explore three oil blocks; two onshore and one offshore. It was the first time South Korea – a major customer for UAE crude – took ownership of upstream assets in Abu Dhabi.

The front-end engineering and design (feed) study for the Haliba field scheme has been completed by France’s Technip. The study is thought to cover an oil field development at Area 1 in the southeast Abu Dhabi. The work will include bringing commercial production on stream at the Haliba field for the first time.

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