Petrofac revealed that the Abu Dhabi National Oil Company (ADNOC) cancelled two contracts for the Dalma Gas Development Project.Â
The project is worth $1.65 billion, and a $1.5 billion package was awarded in February 2020 to Petrofac Emirates, a joint venture between Petrofac and Sapura Energy.
Dalma is part of the Ghasha ultra-sour gas concession, a major component of ADNOC’s gas self-sufficiency plan.
In a press statement, Petrofac said that it will work with ADNOC to explore alternatives, and noted that it is working through its $7 billion backlog.
