Delayed scheme aims to increase offshore production
Abu Dhabi’s Zakum Development Company’s (Zadco) has extended the deadline for technical submissions to 28 September for its estimated $500m Satah full field development scheme.
The offshore oil developer originally set a 30 August deadline for technical and commercial proposals on the main engineering, procurement and construction (EPC) contract when it tendered the contract at the end of June, sources close to the deal tell MEED.
Contractors are still waiting for a new commercial deadline to be announced.
Prospective firms bidding on the deal include:
- Hyundai Heavy Industries (South Korea)
- J Ray McDermott (Jebel Ali-based)
- National Petroleum Construction Company (NPCC) (UAE)
- Petrofac (UK)
- Saipem (Italy)
- Technip (France)
- Tecnicas Reunidas (Spain)
The main EPC contract covers the construction of new offshore facilities, as well as the upgrading of existing facilities and pipelines at Satah, as part of a wider programme to boost production at the field. Contractors value the deal at about $500m (MEED: 16:7:10).
Five engineering firms submitted technical bids for the project management consultancy (PMC) deal to oversee the EPC contractors in February.
Under the scheme, gas produced by Zadco will be injected into the offshore Satah field to boost production to about 25,000 barrels a day (b/d) from undisclosed production levels currently. Located 200 kilometres northwest of Abu Dhabi, oil is pumped to Zirku Island through a 58km pipeline.
The company plans to boost production at the three fields it operates to more than 800,000 b/d by 2015. The majority will come from the Upper Zakum field with a target of 750,000 b/d and 70,000 b/d from the smaller Umm al-Dalkh reservoir.