Revised bids submitted for Adco project

25 February 2003
Revised commercial bids were submitted by the 15 February deadline for the engineering, procurement and construction (EPC) contract on the Northeast Abu Dhabi (NEAD) project (MEED 7:2:03; 13:12:02).

Four groups re-submitted prices, although only two changed their original quotes. A team of Paris-based Technip-Coflexipwith the local National Petroleum Construction Company (NPCC) submitted a low bid of about AED 2,250 million ($613 million), unchanged from its previous offer. This was followed by Chiyoda Corporationof Japan, offering a price of AED 2,308 million ($629 million).

Revised prices were invited after bids submitted in late-December were significantly above budget. Technip/NPCC was the low bidder in the original round of bidding.

The EPC contract covers the supply and installation of two oil processing trains, in-field pipeline works, a pipeline to transport crude to Habshan and related works. The facilities will take 40-42 months to build. The project is aimed at 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 project management consultant is the US-based VECO. The client is Abu Dhabi Company for Onshore Oil Operations (Adco).

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