ADNOC Onshore has awarded an EPC contract to Archirodon Construction (Overseas) Company Limited, valued at $173 million, to unlock further production capacity of Asab field, one of ADNOC’s largest oil fields, the company announced in a statement.
The three-year project awarded to Archirodon will return nearly 70% of the value of the award to the UAE’s economy under its flagship In-Country Value program, the oil giant noted.
The improvement will result in a 12% capacity increase of Abu Dhabi’s premium-grade Murban crude from Asab field.
Archirodon-contract supports ADNOC’s production of cost-efficient, low-carbon crude
ADNOC noted that this work further supports its advantage of providing some of the world’s most cost-efficient, lower-carbon crude, as we continue to accelerate towards an oil production capacity of 5 million barrels per day by 2030.
The firm added: “The project will boost the handling capacity of the Asab Central Degassing Station, which serves as the central processing hub for ADNOC Onshore’s South East and Haliba fields while allowing ADNOC Onshore to support the production evaluation of nearby exploration blocks.”
