Contractors have submitted technical bids for the EPC works of surface facilities and subsea pipeline packages on the Upper Zakum expansion project, according to data from DMS Projects.
Although the complete list of bidders is yet to be announced, Petrofac has confirmed its technical bid submission. EPC contracts are expected to be awarded in Q4 2023.
The Upper Zakum oil field, located 84 kilometers offshore of Abu Dhabi, is the second-largest offshore oil field and the fourth-largest oil field in the world. ADNOC intends to expand the Upper Zakum offshore oilfield by undertaking the first phase of the UZ1000 project valued at $29.9 billion (AED 110 billion). The project aims to enhance the field’s oil production capacity to 1.2 million BPD by 2025, by developing the reservoirs and also helping sustain the asset’s production through to 2030.
In April 2023, ADNOC Drilling secured an award of a five-year contract for the provision of Integrated Drilling Services (IDS) totaling $412 million for the development of the Upper Zakum field.
